An Operating Agreement Can Be Amended Orally

question 63

True/False

An operating agreement can be amended orally.

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Definitions:

Accrued Interest

Interest that has been incurred but not yet paid, usually recorded as a liability on the balance sheet.

Interest Dates

Specific dates on which interest payments on loans or bonds are due to be paid to lenders or bondholders.

Interest Revenue

Income that is earned from investments, savings, bonds, or other interest-bearing accounts over a particular period.

Interest Paid

The amount of money paid over time for the use of borrowed funds.