Peter preston and penny organize an llc in month of jan

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Reference no: EM13781765

10) Peter, Preston, and Penny organize an LLC in the month of January. While composing the operating agreement, they forget to include the amendment clause. Six months later, the situation demands an amendment to the operating agreement. Which of the following would best apply in this scenario? 10) ______ A) The operating agreement can be amended only 60 days after a new amendment provision is included. B) The operating agreement cannot be amended as it contains no amendment provision. C) The operating agreement can be amended if all three members approve. D) The operating agreement can be amended with the affirmative majority of all shareholders. 

Reference no: EM13781765

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