Article 27 - Rights attaching to Shares
(1) To the extent permitted by its articles of association, an LLC may create different classes of Shares . Subject to these Regulations , the rights attaching to Shares (or any class of Shares ) shall be determined by the articles of association of the LLC .
(2) The articles of association of the LLC shall set out:
(A) the right to vote at a meeting of the LLC carried by each class of Share ;
(B) the right to repayments of capital attaching to each class of Share ;
(C) the right to participate in any undistributed profit of each class of Share ;
(D) the rights and obligations pertaining to the transfer of each class of Share ;
(E) the right to dividends and other distributions attaching to each class of Share ; and
(F) any other rights and obligations attaching to each class of Share .
(3) Subject to the provisions of the articles of association of the LLC , each Share shall rank in all respects equally with any other Share in the LLC .
(4) It shall not be lawful for an LLC to issue bearer Shares .