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:

Cognitive Therapy

A form of psychotherapy that focuses on changing unhelpful or destructive thought patterns, with the aim of influencing emotions and behaviors.

Group Therapy

A sociocultural approach to the treatment of psychological disorders that brings together individuals who share a particular psychological disorder in sessions that are typically led by a mental health professional.

Transference

In psychoanalysis, the process by which emotions originally associated with a significant person in one's life are unconsciously redirected onto the therapist.

Altruism

Giving to another person with the ultimate goal of benefiting that person, even if it incurs a cost to oneself.