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Section 1 - Short Title - Section 1. This chapter may be cited as the Massachusetts...
Section 2 - Definitions - Section 2. As used in this chapter, the following words...
Section 3 - Name of Limited Liability Company - Section 3. The name of each limited liability company as...
Section 4 - Reservation of Exclusive Right to Name - Section 4. (a) The exclusive right to the use of...
Section 5 - Office and Agent for Service of Process in Commonwealth - Section 5. Each limited liability company shall have and maintain...
Section 5a - Certificate of Change of Resident Agent or Street Address of Resident Agent; Change of Address of Llc Business Office; Resignation - Section 5A. (a) A limited liability company may change its...
Section 6 - Powers and Privileges of Limited Liability Company; Information to Be Provided on Certificate of Organization or Application for Registration - Section 6. (a) Except as otherwise expressly provided by law,...
Section 7 - Transaction of Business Between Member or Manager and Limited Liability Company - Section 7. Except as provided in a written operating agreement,...
Section 8 - Indemnification of Member or Manager - Section 8. (a) Subject to such standards and restrictions, if...
Section 9 - Records and Documents - Section 9. (a) Each limited liability company shall keep at...
Section 10 - Furnishing of Documents and Information to Members and Managers - Section 10. Each member or manager of a limited liability...
Section 11 - Reliance on Records and Documents - Section 11. A member or manager of a limited liability...
Section 12 - Certificate of Organization - Section 12. (a) In order to form a limited liability...
Section 13 - Amendment of Certificate of Organization - Section 13. (a) A certificate of organization may be amended...
Section 14 - Cancellation of Certificate of Organization - Section 14. A certificate of organization shall be cancelled upon...
Section 15 - Execution of Certificate by Authorized Person - Section 15. (a) Each certificate required by this chapter to...
Section 16 - Failure or Refusal to Execute Certificate - Section 16. (a) If a person required to execute a...
Section 17 - Filing of Certificate With State Secretary - Section 17. (a) The original signed copy of the certificate...
Section 18 - Filing of Certificate as Notice - Section 18. The fact that a certificate of organization is...
Section 19 - Restated Certificates of Organization - Section 19. (a) A limited liability company may at any...
Section 20 - Admission as Member of Limited Liability Company - Section 20. (a) In connection with the formation of a...
Section 21 - Rights, Powers and Duties of Classes or Groups of Members - Section 21. (a) An operating agreement may provide for classes...
Section 22 - Debts, Obligations and Liabilities of Limited Liability Company - Section 22. Except as otherwise provided by this chapter, the...
Section 23 - Designation of Manager - Section 23. A person may be named or designated as...
Section 24 - Management of Limited Liability Company - Section 24. (a) Unless otherwise provided in the operating agreement,...
Section 25 - Manager's Membership in Company - Section 25. A manager need not be a member of...
Section 26 - Relative Rights, Duties and Powers of Classes or Groups of Managers - Section 26. (a) An operating agreement may provide for classes...
Section 27 - Contributions of Members - Section 27. The contribution of a member to a limited...
Section 28 - Members' Obligations to Limited Liability Company - Section 28. (a) Except as provided in a written operating...
Section 29 - Allocation of Profits and Losses - Section 29. (a) The profits and losses of a limited...
Section 30 - Distributions of Cash or Other Assets - Section 30. Distributions of cash or other assets of a...
Section 31 - Entitlement to Distributions - Section 31. Except as provided in sections thirty-two and forty-six,...
Section 32 - Distribution to Resigning Member - Section 32. Upon resignation, a resigning member is entitled to...
Section 33 - Form of Distribution on Demand; Acceptance of Distribution of Assets - Section 33. Except as provided in a written operating agreement,...
Section 34 - Entitlement to Creditor Remedies - Section 34. Except as provided in the operating agreement, and...
Section 35 - Liability for Distribution in Excess of Terms of Operating Agreement - Section 35. (a) A member or manager who votes for...
Section 36 - Resignation of Member - Section 36. A member may resign as a member of...
Section 37 - Resignation of Manager - Section 37. A manager may resign as a manager of...
Section 38 - Personal Property - Section 38. A limited liability company interest is personal property....
Section 39 - Assignment of Interest - Section 39. (a) A limited liability company interest is assignable...
Section 40 - Judgment Against Member Payable With Interest in Limited Liability Company - Section 40. On application to a court of competent jurisdiction...
Section 41 - Membership of Assignee - Section 41. (a) An assignee of a limited liability company...
Section 42 - Death or Incompetence of Member - Section 42. Unless otherwise provided in the operating agreement, if...
Section 43 - Dissolution of Limited Liability Company - Section 43. A limited liability company is dissolved and its...
Section 44 - Court-Decreed Dissolution - Section 44. On application by or for a member or...
Section 45 - Winding Up Affairs of Dissolved Limited Liability Company - Section 45. (a) Unless otherwise provided in an operating agreement,...
Section 46 - Distribution of Assets of Limited Liability Company Following Dissolution - Section 46. (a) Upon the winding up of a limited...
Section 47 - Laws Applicable to Foreign Limited Liability Company - Section 47. A foreign limited liability company shall not do...
Section 48 - Registration of Foreign Limited Liability Company - Section 48. A foreign limited liability company shall be considered...
Section 49 - Duties of State Secretary With Respect to Foreign Limited Liability Companies - Section 49. The state secretary shall examine and endorse his...
Section 50 - Name of Foreign Limited Liability Company - Section 50. A foreign limited liability company may register with...
Section 51 - Resident Agent for Service of Process on Foreign Limited Liability Company - Section 51. Each foreign limited liability company doing business in...
Section 52 - Correction or Amendment of Application for Registration of Foreign Limited Liability Company - Section 52. If any statement in the application for registration...
Section 53 - Cancellation of Registration of Foreign Limited Liability Company - Section 53. The registration of a foreign limited liability company...
Section 54 - Failure to Register; Penalty; Service of Process - Section 54. (a) A foreign limited liability company doing business...
Section 55 - Suits by or Against Limited Liability Company - Section 55. Suit may be brought by or against a...
Section 56 - Suits on Behalf of Limited Liability Company - Section 56. Except as otherwise provided in a written operating...
Section 57 - Court Orders on Termination of Derivative Suit - Section 57. On termination of the derivative suit, the court...
Section 58 - Lack of Authority to Sue - Section 58. The lack of authority of a member or...
Section 59 - Consolidation or Merger - Section 59. (a) As used in sections 59 to 63,...
Section 60 - Approval of Consolidation or Merger; Objection; Termination or Amendment - Section 60. (a) Unless otherwise provided in a written operating...
Section 61 - Certificate of Consolidation or Merger - Section 61. (a) If a domestic limited liability company is...
Section 62 - Rights, Privileges, Powers, Property and Debts of Consolidated or Merged Business Entity - Section 62. When any consolidation or merger becomes effective as...
Section 63 - Duties and Liabilities of Members and Managers - Section 63. (a) Unless the provisions of this chapter or...
Section 64 - Reorganization of Limited Liability Company - Section 64. (a) Any limited liability company, a plan of...
Section 65 - Liability Insurance - Section 65. The regulating boards, as defined in subsection (c)...
Section 66 - Recordable Instruments Affecting Real Property Binding on Limited Liability Company - Section 66. Any recordable instrument purporting to affect an interest...
Section 67 - Certification of Authority to Act for Limited Liability Company - Section 67. Any person who is identified on the certificate...
Section 68 - Good Standing - Section 68. A limited liability company shall be deemed to...
Section 69 - Conversion of Business Entity to Limited Liability Company - Section 69. (a) As used in this section the term...
Section 70 - Administrative Dissolution; Notice; Wind Up and Liquidation of Affairs - Section 70. (a) The state secretary may commence a proceeding...
Section 71 - Application for Reinstatement by Limited Liability Company Subject to Administrative Dissolution or Revocation of Authority to Transact Business - Section 71. A limited liability company administratively dissolved under section...
Section 72 - Revocation of Foreign Limited Liability Company's Authority to Transact Business in Commonwealth; Grounds; Notice; Effective Date - Section 72. (a) The state secretary may commence a proceeding...