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WASHINGTON STATUTES AND CODES
25.15.140 - Remedies for breach of limited liability company agreement by member.
Remedies for breach of limited liability company agreement by member.
A limited liability company agreement may provide that (1) a member who fails to perform in accordance with, or to comply with the terms and conditions of, the limited liability company agreement shall be subject to specified penalties or specified consequences, and (2) at the time or upon the happening of events specified in the limited liability company agreement, a member shall be subject to specified penalties or specified consequences.
[1994 c 211 ยง 306.]
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