Ownership Interests in Manager-Operated LLCs Are Not Considered to Be

question 42

True/False

Ownership interests in manager-operated LLCs are not considered to be securities.

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Definitions:

Numeric Or Alpha

Refers to data that can be represented as numbers (numeric) or letters (alpha).

ICD-9-CM

International Classification of Diseases, Ninth Revision, Clinical Modification, a system used in the United States until 2015 to code and classify morbidity data from inpatient and outpatient records, including physician offices.

ICD-10-CM

The International Classification of Diseases, Tenth Revision, Clinical Modification; a system used for coding and classifying diagnoses and procedures associated with hospital utilization in the United States.

Surgery

A branch of medicine that involves the treatment of injuries or disorders by cutting open the body and repairing or removing damaged organs and tissues.