Matt and Chad form an LLC, and Matt later decides to withdraw as a member. They do not have a provision in their operating agreement regarding withdrawal of a member, but they do live in a state that has adopted the ULLCA, which means that:
a. Matt must find a new member to purchase his interest at a fair value.
b. Matt will lose all of his interest in the LLC.
c. the LLC must dissolve within 120 days.
d. the LLC must purchase Matt's interest at fair value within 120 days.
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