
Members of limited liability companies have no right to vote on who should manage their companies.
Correct Answer:
Verified
Q39: Bylaws provide the requirements for meetings and
Q40: Boards cannot rely on outside experts in
Q41: New members are admitted to an LLC
Q42: Close corporations have less formality in their
Q45: Limited partners' profits and losses are allocated
Q46: It is fraud to form a corporation
Q47: Limited partners can consult and advise with
Q48: Appraisal rights are given only to dissenting
Q49: A LLP can be created by implication.
Q50: A limited liability company can be created
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents