As discussed in class, which of the following is true about a Limited Liability
ID: 2599386 • Letter: A
Question
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.Explanation / Answer
A member in an LLC has a duty of loyalty to the LLC but not to the other members of the LLC. Option A is correct
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