Sec. 6. “Operating agreement” means an operating agreement, as amended from time to time, adopted for the governance of a master limited liability company. The term includes an operating agreement that:

(1) sets forth the governance of any series; or

Ask a business law question, get an answer ASAP!
Thousands of highly rated, verified business lawyers.
Click here to chat with a lawyer about your rights.

(2) refers to a separate series agreement.

As added by P.L.170-2016, SEC.19.