West Virginia Statutes
§ 31B-4-411 — Continuation of term company after expiration of specified term
West Virginia·Ch. 31B UNIFORM LIMITED LIABILITY COMPANY ACT·Art. 4 RELATIONS OF MEMBERS TO EACH OTHER AND TO LIMITED LIABILITY COMPANY
(a)If a term company is continued after the expiration of the specified term, the rights and duties of the members and managers remain the same as they were at the expiration of the term except to the extent inconsistent with rights and duties of members and managers of an at-will company.
(b)If the members in a member-managed company or the managers in a manager-managed company continue the business without any winding up of the business of the company, it continues as an at-will company.
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West Virginia § 31B-4-411 (Continuation of term company after expiration of specified term) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
1996 Reg. Sess., SB338
Nearby Sections
15
§ 31B-1-101
Definitions§ 31B-1-102
Knowledge and notice§ 31B-1-104
Supplemental principles of law§ 31B-1-105
Name§ 31B-1-106
Reserved name§ 31B-1-107
Registered name§ 31B-1-110
Resignation of agent for service of process§ 31B-1-111
Service of process§ 31B-1-112
Nature of business and powers§ 31B-1-114
Penalty for signing false document§ 31B-10-1001
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