Binds All Partners

ID: CCA_2010120210542237 Number: 201102062
Release Date: 1/14/2011
Office: ---
UILC: 6224.01-03
From: ---
Sent: Thursday, December 02, 2010 10:54:27 AM
To: ---
Cc: ---
Subject: RE: TEFRA Question re 872-P ---
State law would dictate who can sign on behalf of Y. You will need to review state law and Y's operating agreement in order to determine whether B has authority to sign for Y. If neither state law nor the operating agreement give B authority to sign for Y, he has no such authority.
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An FPAA can be issued that will bind those partners who are not bound by the closing agreement.