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The attached discussion draft of Modest Form 5 LLC was prepared by Alex Ritchie, James F. Cress & Paul Smith in conjunction with and should be read together with their paper, "Form 5 LLC: A Modest Proposal for a Limited Liability Company Agreement Based on Form 5," 53 Rocky Mt. Min. L. Inst. 13-1 (2007) (forthcoming). An unedited preprint of the paper is available from the Rocky Mountain Mineral Law Foundation, jthurman@rmmlf.org, provided that the purchaser has ordered the bound volume of the Proceedings of the 53rd Annual Institute. Purchasers agree that the preprints will not be reproduced. The redlined version comparing Modest Form 5 LLC with the original Form 5 prepared by the Rocky Mountain Mineral Law Foundation is provided to aid readers in reviewing and commenting on the discussion draft. Comments on this discussion draft can be sent to the Rocky Mountain Mineral Law Foundation c/o jim.cress@hro.com. WARNING: This form is subject to the "WARNING" set forth in full on the cover page of the discussion draft. Parties desiring to use this form should consult with their legal, tax, and accounting advisors. Parties using this form do so at their own risk, and neither Messrs. Ritchie, Cress, and Smith nor the Rocky Mountain Mineral Law Foundation shall have any liability for losses or damages that may result from the use of this form or any portion or variation thereof. Clean Version: Modest Form 5 LLC Agreement (Discussion Draft 7-20-07)
Redlined Version: Modest Form 5 LLC Agreement (Discussion Draft 7-20-07 compared
to Form 5) |
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