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To embed, copy and paste the code into your website or blog: Springing Members are a tool that a structured finance Lender can use to reduce the risk that a Borrower will dissolve under state law. Under most state laws, an LLC that does not have at least one member will dissolve. The risks of a state law dissolution proceeding are similar to those of a bankruptcy, and typically involve the liquidation of the LLC’s assets and the distribution of proceeds in accordance with the LLC Agreement. Borrowers in structured finance transactions are often single member LLCs. To reduce the risk that the Borrower will be dissolved under state law if the LLC ceases to have a member, Lenders should require the Borrower to have two “Springing Members.”

Members of the companyWickersham taftSpringing memberIndependent directorsSpringing membersSpecial membersஉறுப்பினர்கள் ஆஃப் தி நிறுவனம்விக்கர்ஷாம் ட்யாஃப்ட்சுயாதீனமான இயக்குநர்கள்சிறப்பு உறுப்பினர்கள்