9.3 Any decision that involves a sale of the business, a loan, or the acquisition of another company, must have the unanimous consent of all Members; and
9.3.1 If a Member disagrees with the Chief Executive Member’s decision or proposed decision, the Member may call a vote to decide the course of action. A vote by a simple majority must be taken in order for any ordinary member to execute an action on the Company’s behalf, and such votes must be recorded in writing.
9.4 In accordance with Section 86.281 of the Law, and authorized by a majority vote, the Chief Executive Member may appoint and define the powers of office.
10.1 Under the Agreement and pursuant to Section 86.138 of the Law, members must maintain accurate bookkeeping records of the Company's finances and business affairs at its principal address or other location that the Members may agree on. The Company’s method of accounting will be chosen by the Members, and it is agreed that the Company's accounting year-end period will be Dec. 31.
10.2 An updated list of the full names and last known addresses of all members;
10.2.1 A copy of the Company’s formation documents, this Agreement, with amendments if applicable;
10.2.2 An up-to-date copy of the Company's local, state, and federal income tax returns for the three (3) most recent years;
10.2.3 Copies of all minutes, if any, of each meeting of the Members;
10.2.4 Copies of the Company’s financial statements for the three (3) most recent years; and
10.2.5 Copies of any other records prescribed by the Law.
11.1 In accordance with the provisions of Treasury Regulation 1.704-1(b)(2)(iv), the Company must maintain separate capital and distribution accounts for each Member.
11.2 The Member’s capital accounts must reflect relevant increases and decreases in the initial balance as they may have occurred from time to time.
