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Q: 3) If an LLC fails to follow formalities such as keeping minutes of meetings, which of the following is true? A. Only the managers of a manager-managed LLC will lose limited liability. B. All
members will lose their limited liability. C. This failure will not result in imposing personal liability on any member. D. Only the parties responsible for the failure will lose limited liability.
A: D. Only the parties responsible for the failure will lose limited liability.
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Asked 11/11/2012 11:05:16 AM
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