LIMITED LIABILITY COMPANY OPERATING AGREEMENT
_______________________, LLC
A MemberManaged Limited Liability Company
OPERATING AGREEMENT
THIS OPERATING AGREEMENT is made and entered into effective __________________,
20_____, by and among:
__________________________________________________________________________
_________________________________________________________________________
[list the full legal names of the LLC members] (collectively referred to in this agreement as the
"Members").
SECTION 1
THE LIMITED LIABILITY COMPANY
1.1 Formation. Effective __________________, 20_____, the Members form a limited
liability company under the name _______________________________________,
L.L.C. (the "Company") on the terms and conditions in this Operating Agreement (the
"Agreement") and pursuant to the Limited Liability Company Act of the State of
Oklahoma (the "Act"). The Members agree to file with the appropriate agency within the
State of Oklahoma charged with processing and maintaining such records all
documentation required for the formation of the Company. The rights and obligations of
the parties are as provided in the Act except as otherwise expressly provided in this
Agreement.
1.2 Name. The business of the Company will be conducted under the name
_______________________________________, L.L.C., or such other name upon
which the Members may unanimously may agree.
1.3 Purpose. The purpose of the Company is to engage in any lawful act or activity for which
a Limited Liability Company may be formed within the State of Oklahoma.
1.4 Office. The Company will maintain its principal business office within the State of
Oklahoma at the following address:
_____________________________________________________________________.
1.5 Registered Agent. ____________________________________________ is the
Company's initial registered agent in the State of Oklahoma, and the registered office is
_____________________________________________________________________.
1.6 Term. The term of the Company commences on _____________________ [date] and
shall continue perpetually unless sooner terminated as provided in this Agreement.
1.7 Names and Addresses of Members. The Members' names and addresses are attached
as Schedule 1 to this Agreement.
1.8 Admission of Additional Members. Except as otherwise expressly provided in this
Agreement, no additional members may be admitted to the Company through issuance by
the company of a new interest in the Company without the prior unanimous written consent of
the Members.
SECTION 2
CAPITAL CONTRIBUTIONS
2.1 Initial Contributions. The Members initially shall contribute to the Company capital as
described in Schedule 2 attached to this Agreement.