Both Managing Members and Controlling Members Owe a Fiduciary Duty

question 63

True/False

Both managing members and controlling members owe a fiduciary duty to other members.

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Definitions:

Active RFID

A type of RFID system where tags possess their own power source to transmit signals to RFID readers, enhancing range and reliability.

Internal Power Source

The origin or basis of an individual's or group's ability to influence or control events, actions, or others, stemming from within themselves or their position.

Evidence-Based Model

A decision-making process that relies on the use of data, facts, and empirical evidence as the foundation for making decisions.

Better Diagnosis

Improved identification and understanding of a problem, condition, or disease, often leading to more effective solutions or treatments.