10.1. SR 02-05-2018 - Laserfiche WebLink

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2.04 Waiver of Liability for Return of Certain Distributions. The Member hereby permanently and unanimously waives and eliminates, to the maximum extent permitted by law, any liability of any Member for the return of money or property to the Company which the Member rightfully received as a distribution of part or all of the Member's. capital account. III I;,,:` MANAGEMENT OF THE COMPANY 3.01 D esi gnation of Managers. The management of the; Company shall be vested in one Manager. Each Manager shall hold that office until (a) his or her, resignation, incapacity, removal or death; or (b) upon the dissolution of the Company -- whichever occurs first. The Member shall. appoint, remove, and replace the Manager from time to time (vs ith;or.without cause) by filing an amendment to the Company's Articles of Organization.. 3.02 Limited Powers of the Manager. The Manager shall determine all matters and shall have the responsibility and authority to direct and manage the day-to-day affairs of the Company. The Manager may also appoint such other officers with duties and compensation as the Manager deems Gappropriate from time to time. 3.03 Conveyances and Contracts. Each contract of the CRmpany or any deed, bill of sale, mortgage, lease, contract of sale or other commitment of the Company purporting to bind the Company in anyway or purporting to conveyor encumber the interest of the Company in all or in any portion of any real or personal property at any time held in its name, must be'signed by the Manager on behalf of the Company. 3.04 Distributions to Member. From time to time, t11e,Manager shall make such distributions of profits and assets to the Member as the Manager may determine in exercise of his or her reasonable discretion. IV COMPANY ACCOUNTING. BOOKS ANDRECORDS 4.01 General Provisions. The fiscal year of the Comliany,shall be the calendar year. The r�ur: Company's books and records shall be maintained in accordance -with, generally accepted accounting practices consistently applied and upon the cash receipts and disbursements method of accounting. C4.02 Income Tax Information. The Company shallprovide to the Member information on the Company's profits and losses and each class of income, gain, loss, deduction, or credit that is Copyright p Zoog, The Legal Protection•Crroup,, L;L•C.