As discussed in class, which of the following is true about a Limited Liability Company (LLC) in Texas (that is not a series LLC, it is just a regular, single LLC): a. A member in an LLC has a duty of loyalty to the LLC but not to the other members of the LLC. b. A member in an LLC has a duty of loyalty to the other members of the LLC but not to the LLC. c. The LLC has a duty of loyalty to the members but the members do not have duty of loyalty to the LLC. d. None of the other choices are correct. e. A member in an LLC has a duty of loyalty to the LLC and to the other members of the LLC.
| a. A member in an LLC has a duty of loyalty to the LLC but not to the other members of the LLC. | | |
| b. A member in an LLC has a duty of loyalty to the other members of the LLC but not to the LLC. | | |
| c. The LLC has a duty of loyalty to the members but the members do not have duty of loyalty to the LLC. | | |
| d. None of the other choices are correct. | | |
| e. A member in an LLC has a duty of loyalty to the LLC and to the other members of the LLC. | |