Written Consent of the Board of Managers (Lending): Borrower (LLC) | Practical Law

Written Consent of the Board of Managers (Lending): Borrower (LLC) | Practical Law

A form of written consent to be used when the board of managers of a limited liability company (LLC) is taking action to authorize the LLC to enter into a loan transaction without a formal meeting. This Standard Document has integrated notes with important explanations and drafting tips.

Written Consent of the Board of Managers (Lending): Borrower (LLC)

Practical Law Standard Document w-024-2186 (Approx. 13 pages)

Written Consent of the Board of Managers (Lending): Borrower (LLC)

by Practical Law Finance
MaintainedUSA (National/Federal)
A form of written consent to be used when the board of managers of a limited liability company (LLC) is taking action to authorize the LLC to enter into a loan transaction without a formal meeting. This Standard Document has integrated notes with important explanations and drafting tips.