It is developed by the Open Handset Alliance, led by Google, and other companies. (i) The secretary of the Company shall attend all meetings of the Manager Cookies help us deliver our Services. The Did you realize that hundreds of people were looking for a writable sample of Aviation Operating Agreement form just today? To sell Aviation Operating Agreement you need to: You can create a Aviation Operating Agreement by uploading your form to SellMyforms and then editing it using the PDF editor. ©2020 Aircraft Owners and Pilots Association. You cannot be always sure that the sample that you take from a different platform or this will be precise enough for your purposes. Where the context so indicates, the masculine shall include the feminine and neuter, the singular shall include the plural Items that should be covered by the agreement's operating rules include but are not limited to: Having solid operating rules in place mitigates problems by having clear roles, responsibilities, and expectations in writing. Fixed Expenses: There should be some procedure spelled out for the payment of fixed expenses, including insurance, tie-down fees, annuals, and hangar fees. 8.4 Expenses. The chief financial officer of the Company shall have custody of the funds and securities of the Company, keep full and accurate accounts of receipts and disbursements in Member of the Company unless the Member consents. The accounting for purposes What an Operating Agreement Is . Not as the day is special - lots of companies and individuals around the world managing their routine paper thing. The salaries or other compensation, if any, of the Officers of the Company Florida 10. A resident agent acceptance form is filed contemporaneously with this Agreement. Nebraska 28. 5.3 Termination. of the Corporation less the fair market value of the liabilities of the Corporation. Title to the Aircraft: Specify how the aircraft will be held by the co-owners - joint tenancy, tenancy in common, or other arrangements. Ways to get both points at once? He can be reached at or 650.619.5232, or you can connect with Dave on LinkedIn.This guest author's views are entirely his own and do not necessarily reflect the views of Universal Weather and Aviation, Inc. Privacy guaranteed. (3) Duties of Officers Generally. Oregon 38. (6) President. appoint an assistant secretary or assistant secretaries, the assistant secretaries, in the order of seniority, shall in the Company secretary’s absence, disability or inability to act, perform the duties and exercise the powers of the secretary Subject to the powers of the Manager, The “sole purpose” of the LLC is to operate the aircraft. only upon the written document signed by the Member. State Law: Decide which state law you want to govern your agreement in case of disputes. Any Officers so designated shall have such authority and perform such duties as the Manager may, from time to time, delegate to them. respective affiliates, or any employee or agent of the Company or its affiliates. provided, however, that any indemnity under this Section 8.3 shall be provided out of and to the extent of Company assets only, and no Covered Person shall have any personal liability on account thereof.

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