46 C.F.R. § 298.38 Partnership agreements and limited liability company agreements.
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Partnership and limited liability company agreements must be in form and substance satisfactory to us prior to any Guarantee Closing, especially relating, but not limited to: (a) Duration of the entity; (b) Adequate partnership or limited liability company funding requirements and mechanisms; (c) Dissolution of the entity and withdrawal of a general partner or member; (d) The termination, amendment, or other modification of the entity without our prior written consent; and (e) Distribution of funds or ownership interest.
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PART 298—OBLIGATION GUARANTEES
Subpart D—Documentation
§ 298.38 Partnership agreements and limited liability company agreements.