SU0013200 - Laserfiche WebLink

Home Browse Search

I\ r 1 . 17 . " Successor in Interest " means an Assignee, a successor of a Person by merger or otherwise by operation of law, or a transferee of all or substantially all of the business or assets of a Person . 1 . 18 . "Transfer" means , with respect to a Membership Interest, or any element of a Membership Interest, any sale , assignment, gift , involuntary transfer, or other disposition of a Membership Interest or any element of such a Membership Interest, directly or indirectly , other than an Encumbrance that is expressly permitted under this Agreement. ARTICLE II : ARTICLES OF ORGANIZATION 2 . 1 . The Member shall cause Articles of Organization, in the form . attached to this Agreement as Exhibit " A" , to be filed with the California Secretary of State . ' 2 . 2 . The name of the Company shall be JR & DK Investments , LLC . 2 . 3 . The mailing address and principal executive office of the Company shall be at 2815 CA 95204 , or such other place or places as may be determined by N . California Street, Stockton, the Member from time to time . 2 . 4 . The initial agent for service of process on the Company shall be Janet Ramirez , The Member may from time to time change the Company' s agent for service of process . 2 . 5 . The Company is authorized to engage in y lawful propose for which a limitedlimitedliability company may be organian zed under the Act, specifically including, but not limited to the acquisition, rental and ownership of real properties . - 2 . 6 . The term of existence of the Company shall commence on the effective date of filing of Articles of Organization with the California Secretary of State, and shall continue until December 31 , 2024 unless otherwise earlier terminated pursuant to the provisions of this Agreement or as provided by law . ARTICLE III : CAPITALIZATION 3 . 1 . The Member shall contribute to the Company, as the Member 's Capital Contribution, all of the Member ' s interest in the real properties specified in Exhibit " B " to this Agreement . Said real properties are contributed subject to all financial liens and encumbrances thereon as of the date contributed . 3 . 2 . A Capital Account shall be maintained for the Member consisting of the Member's Capital Contribution ( 1 ) increased by that Member' s share of Profits , (2) decreased by the Member's share of Losses , and (3 ) adjusted as required in accordance with applicable provisions of the Code and Regulations . 3