Article 71 - Circulation of Members' resolution
(1) Subject as provided in this Article, it shall be the duty of an
LLC, on the requisition in writing of such number of Members as is herein after specified, at the expense of the requisitionists unless the LLC resolves otherwise:
(A) to give the
Members of the LLC entitled to receive notice of the next annual general meeting notice of any resolution which may properly be moved and is intended to be moved at that meeting; and
(B) to circulate to
Members entitled to have notice of any general meeting sent to them any statement of not more than one thousand words with respect to the matter referred to in any proposed resolution or the business to be dealt with at that meeting.
(2) The number of
Members necessary for requisition under Article 71(1) shall be:
(A) either any number of
Members representing not less than 5 percent. of the total voting rights of all the Members having at the date of the requisition a right to vote at the meeting to which the requisition relates; or
(B) not less than ten
(3) Notice of any such intended resolution shall be given, and any such statement shall be circulated, to the
Members of the LLC entitled to have notice of the meeting sent to them by serving a copy of the resolution on each such Member in any manner permitted for the service of notice of the meeting, and any notice of such resolution shall be given to any other Member of the LLC by giving notice of the general effect of the resolution in any manner permitted for giving him notice of meetings of the LLC, provided that the copy shall be served, or notice to the effect of the resolution shall be given, as the case may be, in the same manner, and so far as practicable, at the same time as notice of the meeting and, where it is not practicable for it to be served or given at that time, it shall be served or given as soon as practicable thereafter.
|Amended (as from 5th April 2015).|