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WIP: LLC & related updates #6

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constitution.md
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@ -616,7 +616,7 @@ forth in the Company's records.
collective ownership rights as provided in this Agreement. The collective ownership rights as provided in this Agreement. The
Membership Register will record persons who are formal LLC Members Membership Register will record persons who are formal LLC Members
for regulatory and tax purposes, but such registration does not for regulatory and tax purposes, but such registration does not
alter or diminish the Collective’s collective ownership rights. alter or diminish the Collective's collective ownership rights.
4. _Member Rights._ Each Member has the rights set out in the 4. _Member Rights._ Each Member has the rights set out in the
Agreement, the Company's records, and applicable law. Membership Agreement, the Company's records, and applicable law. Membership
@ -670,11 +670,15 @@ timely tax filings and distribution of Schedule K-1s or equivalents.
1. _Governing Law._ This Agreement is governed by New Mexico law. 1. _Governing Law._ This Agreement is governed by New Mexico law.
2. _Severability._ Invalid provisions will not affect remaining provisions. 2. _Severability._ Invalid provisions will not affect remaining
provisions.
3. _Notices._ Notices delivered to Members at addresses in the Membership Register are effective upon delivery. 3. _Notices._ Notices delivered to Members at addresses in the
Membership Register are effective upon delivery.
4. _Entire Agreement._ This Agreement, Articles of Organization, and any consented amendments constitute the entire agreement among the Members. 4. _Entire Agreement._ This Agreement, Articles of Organization, and
any consented amendments constitute the entire agreement among the
Members.
[best-practices]: best_practices.md [best-practices]: best_practices.md