QUESTION
How do you absolve a previously signed operating agreement for a L.L.C.?
Asked on Apr 01st, 2012 on Business Law - New Jersey
More details to this question:
I recently drafted an operating agreement for my L.L.C. and would like to know if I decide to make a more indepth or change any of the current policies in the first agreement with the new Operating agreement, is there a special article that I must add to either (old or new) to void the previously signed agreement?
1 ANSWER
Reviews not shown
1 Award
No magic words are required. You can adopt a new operating agreement that recites that it supersedes the previous one, or you can simply adopt a new one that obviously (even though not explicitly) supersedes it.
Answered on Apr 03rd, 2012 at 8:17 PM