(a) A limited liability organization licensed under this title shall report to the board when a member of the limited liability organization transfers 10 percent or more of the ownership of the organization and shall report a change of managers.
(b) The report to the board shall be made in writing in duplicate and shall be sent within 10 days after the change in member interest or manager.
Section: Previous 04.11.010 04.11.015 04.11.020 04.11.030 04.11.040 04.11.045 04.11.050 04.11.055 04.11.060 04.11.070 NextLast modified: November 15, 2016