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1003 W Richland Ave Units 18, 19, 20 & 21 - Plan
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1003 W Richland Ave Units 18, 19, 20 & 21 - Plan
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Entry Properties
Last modified
11/12/2025 4:48:25 PM
Creation date
6/1/2025 11:52:13 AM
Metadata
Fields
Template:
Plan
Permit Number
101117246
101117255
101117256
101117257
Full Address
1003 W Richland Ave Unit# 18
1003 W Richland Ave Unit# 19
1003 W Richland Ave Unit# 20
1003 W Richland Ave Unit# 21
Street Number
1003
1003
1003
1003
Street Direction
W
W
W
W
Street Name
Richland
Richland
Richland
Richland
Street Suffix
Ave
Ave
Ave
Ave
Unit Number
18
19
20
21
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<br />30.Any remaining Members retain the right to seek damages from a dissociated Member where the <br />dissociation resulted from a malicious or criminal act by the dissociated Member or where the <br />dissociated Member had breached their fiduciary duty to the Company or was in breach of this <br />Agreement or had acted in a way that could reasonably be foreseen to bring harm or damage to <br />the Company or to the reputation of the Company. <br />31.A dissociated Member will only have liability for Company obligations that were incurred during <br />their time as a Member. On dissociation of a Member, the Company will prepare, file, serve, and <br />publish all notices required by law to protect the dissociated Member from liability for future <br />Company obligations. <br />32.Where any remaining Members have purchased the interest of a dissociated Member, the <br />purchase amount will be paid in full, but without interest, within 90 days of the date of <br />withdrawal. The Company will retain exclusive rights to use of the trade name and firm name and <br />all related brand and model names of the Company. <br />Right of First Purchase <br />33.Where the Company consists of two or more Members, in the event that a Member's Interest in <br />the Company is or will be sold, due to any reason, the remaining Members will have a right of <br />first purchase of that Member's Interest. <br />Assignment of Interest <br />34.In the event that a Member’s interest in the company is transferred or assigned as the result of a <br />court order or Operation of Law, the trustee in bankruptcy or other person acquiring that <br />Member's interest in the Company will only acquire that Member's economic rights and interests <br />and will not acquire any other rights of that Member or be admitted as a Member of the Company <br />or have the right to exercise any management or voting interests. <br />Valuation of Interest <br />35.Where the Company consists of two or more Members, a Member's financial interest in the <br />Company will be in proportion to their Capital Contributions, inclusive of any Additional Capital <br />Contributions. <br />36.In the absence of a written agreement setting a value, the value of the Company will be based on <br />the fair market value appraisal of all Company assets (less liabilities) determined in accordance <br />with generally accepted accounting principles (GAAP). This appraisal will be conducted by an <br />LLC Operating Agreement Page 6 of 12 <br />1003 W Richland Ave Units 18, <br />19, 20 & 21 - 101117246 & <br />7255-576/19/2024
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