§298.38. Partnership agreements and limited liability company agreements.
46 C.F.R. § 298.38
Partnership and limited liability company agreements must be in form and substance satisfactory to us prior to any Guarantee Closing, especially relating, but not limited to:
Duration of the entity;
Adequate partnership or limited liability company funding requirements and mechanisms;
Dissolution of the entity and withdrawal of a general partner or member;
The termination, amendment, or other modification of the entity without our prior written consent; and
Distribution of funds or ownership interest.
Notes, amendments, and revision history
Authority
Authority: 46 U.S.C. chapter 537; 49 CFR 1.93.
Source
Source: 65 FR 45152, July 20, 2000, unless otherwise noted.