1. When a member with a minority interest in an LLC acquires enough ownership interests in the LLC to hold a majority interest: a. a

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1. When a member with a minority interest in an LLC acquires enough ownership interests in the LLC to hold a majority interest:

a. a change of ownership occurs

b. reassessment of the entire parcel of real estate owned by the LLC is triggered

c. both a. and b.

d. neither a. nor b.

2. An assignment of a member s interest in an LLC with or without the approval of the other members:

a. dissolves the LLC.

b. does not dissolve the LLC.

c. automatically gives the buyer the rights of the manager.

d. automatically entitles the buyer to governing rights held by a voting member.

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