Examlex
In Regents of the University of California v.Bakke,the U.S.Supreme Court held that:
Uniform Limited Liability Company Act
A set of uniform legal provisions adopted by some states to regulate the formation, operation, and dissolution of LLCs (Limited Liability Companies).
Hybrid Form
A blend or combination of two different elements, forms, or entities.
State Statutes
Laws that have been enacted by the legislative bodies of individual states.
Operating Agreement
A contract among the members of a Limited Liability Company (LLC) that outlines the business's financial and functional decisions including provisions for its governance and operation.
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