A Transfer of an Interest in an LLC Entitles the Transferee

question 94

True/False

A transfer of an interest in an LLC entitles the transferee by default to become a member of the LLC.

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Definitions:

Gasoline Rises

An increase in the price of gasoline, typically due to factors like supply constraints, higher demand, or changes in taxes or regulations.

Public Transportation

A network of transportation methods like trains and buses that run according to a set schedule on predetermined paths and are open for public use.

Fuel-efficient Cars

Automobiles designed to utilize fuel in an efficient manner, often resulting in reduced fuel expenses and lower emissions compared to standard vehicles.

Marginal Decision

A decision made at the “margin” of an activity to do a bit more or a bit less of that activity.