New Hampshire Revised Statutes 304-C:70 – Permissibility of Actions Not Requiring Member Votes
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Terms Used In New Hampshire Revised Statutes 304-C:70
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
An operating agreement may provide for the taking of an action, including the amendment of the operating agreement, without the vote or approval of any member or class or group of members, including an action to create a class or group of limited liability company interests under the provisions of the operating agreement that was not previously outstanding.