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Board Member Managed LLC Operating Agreement Minnesota CLE Form
COMPANY
1.
Formation of LLC. The Initial Member has formed a limited liability company in the
State of Minnesota named ___________________________________________________
("LLC"). The operation of the LLC shall be governed by the terms of this Arrangement and the
applicable laws of the State of Minnesota relating to the formation, operation and taxation of a
LLC. To the extent permitted by law, the terms and provisions of this Arrangement shall control
if there is a conflict between state law...
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