A partnership was formed without any operating agreement. The registered agent signed 5 other members to the LLC using POA (because he is a lawyer) without the written permission of the other members. Now - 4 over the 6 members are on one side, and the other 2 are on another side fighting for ownership % points. No % points were specified.
QUESTIONS
Can the registered agent be removed for unauthorized use of POA? or can that be implied or verbal?
In UTAH, do the voting rights default to per capita? Both parties have 1 manager and the LLC was set up as manger-managed.
QUESTIONS
Can the registered agent be removed for unauthorized use of POA? or can that be implied or verbal?
In UTAH, do the voting rights default to per capita? Both parties have 1 manager and the LLC was set up as manger-managed.
