Lac Courte Oreilles Law Library
Lac Courte Oreilles Tribal Code of Law.

LLC.1.3.050 Records and Information

(a) An LLC shall keep at its principal place of business all of the following:

(1) A list, in alphabetical order, of each past and present Owner and, if applicable, manager.

(2) A copy of the Articles of Organization and all amendments to the articles, together with executed copies of any powers of attorney under which any articles were executed.

(3) A copy of the Operating Agreement and all amendments thereto.

(4) A record of all matters referred to in this Code as maintained in such records

which are not otherwise specified in the Operating Agreement.

(b) Upon reasonable request, an Owner may, at the Owner's own expense, inspect and copy during ordinary business hours any LLC record unless otherwise provided in the Operating Agreement.

(c) Owners or, if the management of the LLC is vested in one or more managers, managers shall provide true and full information of all things affecting the Owners to any Owner or to the legal representative of any Owner upon reasonable request of the Owner or the legal representative.

(d) Failure of an LLC to keep or maintain any of the records of information required under this section shall not be grounds for imposing liability on any person for the debts and obligations of the LLC.