Laserfiche WebLink
<br />independent accounting firm agreed to by all Members. An appraiser will be appointed within a <br />reasonable period of the date of withdrawal or dissolution. The results of the appraisal will be <br />binding on all Members. <br />37.No allowance will be made for goodwill, trade name, patents or other intangible assets, except <br />where those assets have been reflected on the Company books immediately prior to valuation. <br />Dissolution <br />38.The Company may be dissolved by a unanimous vote of the Members. The Company will also be <br />dissolved on the occurrence of events specified in the Act. <br />39.Upon Dissolution of the Company and liquidation of Company property, and after payment of all <br />selling costs and expenses, the liquidator will distribute the Company assets to the following <br />groups according to the following order of priority: <br />a.in satisfaction of liabilities to creditors except Company obligations to current Members; <br />b.in satisfaction of Company debt obligations to current Members; and then <br />c.to the Member. <br />40.The claims of each priority group will be satisfied in full before satisfying any claims of a lower <br />priority group. Any excess of Company assets after liabilities or any insufficiency in Company <br />assets over liabilities under this section will be resolved by the Member. Where there are two or <br />more Members, Company liabilities will be resolved by the Members in proportion to the <br />Members' financial interest as set out in the Valuation of Interest section of this Agreement. <br />Records <br />41.The Company will at all times maintain accurate records of the following: <br />a.Information regarding the status of the business and the financial condition of the <br />Company; <br />b.A copy of the Company federal, state, and local income taxes for each year; <br />LLC Operating Agreement Page 7 of 12 <br />1003 W Richland Ave Units 18, <br />19, 20 & 21 - 101117246 & <br />7255-576/19/2024