What article governs the 'Meetings of Members' for Marble Slab Creamery?
Marble_Slab_Creamery Franchise · 2025 FDDAnswer from 2025 FDD Document
ARTICLE 4. -- MEETINGS OF MEMBERS
- 4.1 Meetings. Meetings of Members are not required, but may be called by Members holding at least ten percent (10%) of the Percentage Interests held by Members or the Manager. No business shall be transacted at any meeting of Members except as is specified in the notice calling such meeting.
- 4.2 Place of Meetings. The Members or the Manager may designate any place as the place of meeting for any meeting of the Members. If no designation is made, the place of meeting shall be the principal office of the Company specified in Section 1.5.
- 4.3 Notice of Meetings. Written notice stating the place, day and time of the meeting and the purpose for which the meeting is called shall be delivered, in accordance with Section 10.1, not less than ten (10) nor more than fifty (50) days before the date of the meeting by or at the direction of the Members or the Manager calling the meeting, to each Member entitled to vote at such meeting.
Source: Item 23 — RECEIPT (FDD pages 101–346)
What This Means (2025 FDD)
According to Marble Slab Creamery's 2025 Franchise Disclosure Document, Article 4 governs the 'Meetings of Members'.
Specifically, section 4.1 states that meetings of members are not required, but can be called by members holding at least 10% of the percentage interests held by members or the manager. The section also specifies that no business shall be transacted at any meeting of members except as specified in the notice calling such meeting.
Section 4.2 allows the members or the manager to designate any place as the place of meeting for any meeting of the members. If no designation is made, the place of meeting shall be the principal office of the company. Section 4.3 requires written notice stating the place, day and time of the meeting and the purpose for which the meeting is called. This notice must be delivered not less than 10 nor more than 50 days before the date of the meeting.