Nature of Business
Other Services, (A) TO OPERATE A REAL ESTATE DEVELOPMENT AND LEASING BUSINESS AND TO BE AN ENTITY USED TO EASE THE ADMINISTRATION OF THE NUMEROUS PROPERTIES HELD BY THE MEMBERS, SUCH PROPERTIES HAVING BEEN HELD BY THE MEMBERS AS A CLOSELY-HELD, ACTIVE TRADE OR BUSINESS IN WHICH THEY HAVE MATERIALLY PARTICIPATED AND WOULD QUALIFY UNDER CODE SECTIONS 6166. (B) TO CARRY ON ANY LAWFUL BUSINESS OR ACTIVITY WHICH MAY BE CONDUCTED BY A LIMITED LIABILITY COMPANY ORGANIZED UNDER THE ACT