Question
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,
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 other members of the LLC but not to the LLC.
b. None of the other choices are correct.
c. The LLC has a duty of loyalty to the members but the members do not have duty of loyalty to the LLC.
d. A member in an LLC has a duty of loyalty to the LLC and to the other members of the LLC.
e. A member in an LLC has a duty of loyalty to the LLC but not to the other members of the LLC.
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Payroll Accounting
Authors: Bernard J Bieg, Judith A Toland
24th Edition
1285437063, 9781285437064
