39d23f27_Document___Buy_Sell_Agreements__Triggering_Event
[Purpose] Allows the LLC or other members to purchase the interest of a member who defaults under the Operating Agreement. Especially important when a member fails to make a required contribution of money or property. Purchase price may be less than fair market value. [Triggering Event] 
Default under the Operating Agreement
A Multi-Member LLC’s Most Important Document - Buy Sell Agreements
Triggering Event