Manager Resolutions of Seller (Sale of Membership Interests) (NY) | Practical Law
Resolutions of the managers of a New York limited liability company (LLC) authorizing the sale of membership interests in a subsidiary and the execution and performance by the LLC of a membership interest purchase agreement. These resolutions are drafted as Standard Clauses and should be inserted into meeting minutes or a form of written consent. These Standard Clauses have integrated notes with important explanations and drafting tips.