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Operating Corporation Agreement Template

Operating Corporation Agreement Template 2025

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The Operating Corporation Agreement outlines the governance, rights, responsibilities, and operational procedures for a corporation formed under state law. It defines key terms such as Members, Capital Contributions, and the Board of Directors. The document details the formation of the corporation, membership admission processes, management structure including the Board and officers, financial matters like fiscal year and distributions, indemnification provisions for Members and Directors, amendment processes, conditions for dissolution, and miscellaneous provisions. The agreement serves as a comprehensive framework for the operation and management of the corporation.

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