Which of the Following Is True Regarding When a Member

question 91

Multiple Choice

Which of the following is true regarding when a member has the power to withdraw from a limited liability company?

• A) Unless the operating agreement provides otherwise, a member has the power to withdraw from both an "at-will" limited liability company and a "term" limited liability company.
• B) A member does not have the power to withdraw from either an "at-will" limited liability company or a "term" limited liability company without the consent of all other members.
• C) A member had the power to withdraw from a "term" limited liability company, but does not have the power to withdraw from an "at-will" limited liability company without the consent of all other members.
• D) Unless the operating agreement provides otherwise, a member has the power to withdraw from an "at-will" limited liability company, but does not have the power to withdraw from a "term" limited liability company.
• E) Unless the operating agreement provides otherwise, a member has the power to withdraw from a "term" limited liability company, but does not have the power to withdraw from an "at-will" limited liability company.

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Definitions:

Price Discrimination

A pricing strategy where a seller charges different prices to different customers for the same product or service, not based on costs.

OSHA Violations

Instances of non-compliance with the Occupational Safety and Health Administration's standards and regulations, potentially endangering workers.

Employer

An individual or organization that hires and pays for the services of others to perform specific tasks.

Unemployment Compensation

Financial payments given to individuals who have lost their jobs through no fault of their own, to support them temporarily.