Of the following, who owes a fiduciary duty of loyalty to an LLC?
A) All members of all LLCs
B) All members of manager-managed LLCs, but no one in member-managed LLCs
C) Members of member-managed LLCs and managers of manager-managed LLCs
D) Managers of manager-managed LLCs, but no other members of any LLCs
C
Business
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What will be an ideal response?
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Indicate whether the statement is true or false.
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