If no place is designated for a Marble Slab Creamery meeting of Members, where will the meeting be held?
Marble_Slab_Creamery Franchise · 2025 FDDAnswer from 2025 FDD Document
- 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.
Source: Item 23 — RECEIPT (FDD pages 101–346)
What This Means (2025 FDD)
According to the 2025 Marble Slab Creamery FDD, meetings of members are not required but can be called by members holding at least 10% of the percentage interests or by the manager. The members or manager can designate any place for these meetings. However, if no specific location is designated, the meeting will be held at the principal office of the company, as specified in Section 1.5 of the agreement.
This means that as a Marble Slab Creamery franchisee, if you and other members (holding at least 10% of the percentage interests) decide to call a meeting and a location isn't specified in the meeting notice, the default location is the company's principal office. This is important for logistical planning, ensuring all members know where to attend if no alternative location is provided.
It is also important to note that written notice of the meeting, including the place, day, time, and purpose, must be delivered between 10 and 50 days before the meeting date to each member entitled to vote. This ensures all members have ample time to prepare and attend. Franchisees should familiarize themselves with Section 1.5 of their agreement to know the location of the principal office.