10.1. SR 02-05-2018 - Laserfiche WebLink

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In liquidating the Company, the Manager or liquidator may either sell all or pall of the Company's assets and distribute the proceeds or may make distributions completely or partially in kind. The distribution of assets of the Company shall be made in the following order: First, to the creditors of the Company, in the oider and priority provided by law, and then to the Member or his, her or its successor in interest. VIII GENERAL PROVISIONS. 8.01 Captions. Any titles or captions to the articles or sections contained in this instrument are for convenience only and shall not be deemed part of the context of this Agreement. 8.02 Binding Lrf ect. Except as otherwise herein provided, this'AFeement shall be binding upon and inure to the benefit of the parties hereto, their heirs, executors, administrators, successors and all persons hereafter having or holding an interest in this Company, whether as assignees or otherwise. 8.03 Applicable Law. This Agreement shall be governed byam4 cgnstrued in accordance with tho laws of the State of Minnesota. Unless expressly or by necessary implication eontravenackby any provision of the Acts the provisions of this Agreement shall control the affairs of the Company and the rights and, duties of.the Manager and the Member. 8.04 Successor in Interest. The Member shall have the umestiicted right to designate his successor (following death) as to his interests in the Company by delivering an acknowledged instrument in writing to a Manager. The Company shall honor such designation as a contractual obligation here under. In the absence of any such designation or evidence of a } contrary intent, the Company shall recognize the deceased Member's heirs ai lawas his or her successors in interest hereunder (as detemnined by the Company according to the laws of the intestate succession of the deceased Member's state of domicile.) No such actual or deemed designation shall be treated as a testamentary transfer within the meaning of any statute's requirements for one's last will and testament. IN WITNESS WHEREOF, the Manager and the Member have executed and delivered this document effective as of the day and year fast set forth above. (Member): Patric l s e�4trji rber ate•'. st ora Copyright © 2005, The Legal Protection Group, LLC.