State Codes and Statutes

Statutes > New-york > Llc > Article-4 > 408

§  408.  Management  by  managers. (a) If the articles of organization  provides that the management of the limited liability company  shall  be  vested  in  a  manager or managers or class or classes of managers, then  the management of the limited liability company shall be vested  in  one  or more managers or classes of managers in accordance with this chapter,  subject  to  any  provisions  in  the  articles  of  organization or the  operating agreement and section four hundred nineteen  of  this  article  granting or withholding the management powers or responsibilities of one  or  more managers or class or classes of managers.  A manager shall hold  such offices and have such responsibilities accorded to him  or  her  by  the members as provided in the operating agreement.    (b)  Except  as  provided in the operating agreement and in accordance  with section four hundred nineteen of this article, the  managers  shall  manage  the  limited  liability  company  by  the  affirmative vote of a  majority of the managers.    (c) Except as provided in the operating agreement, any action required  or permitted to be taken by a  vote  of  the  managers  or  a  class  of  managers  may  be  taken without a vote if all of the managers or all of  the managers in such class, as the  case  may  be,  consent  thereto  in  writing,  and  the  writing  is  filed  with  the records of the limited  liability company.    (d) Except as otherwise provided in the operating agreement,  managers  of  a limited liability company may participate in a meeting by means of  conference telephone or similar communications  equipment  by  means  of  which all persons participating in the meeting can hear each other. Such  participation shall constitute presence in person at the meeting.

State Codes and Statutes

Statutes > New-york > Llc > Article-4 > 408

§  408.  Management  by  managers. (a) If the articles of organization  provides that the management of the limited liability company  shall  be  vested  in  a  manager or managers or class or classes of managers, then  the management of the limited liability company shall be vested  in  one  or more managers or classes of managers in accordance with this chapter,  subject  to  any  provisions  in  the  articles  of  organization or the  operating agreement and section four hundred nineteen  of  this  article  granting or withholding the management powers or responsibilities of one  or  more managers or class or classes of managers.  A manager shall hold  such offices and have such responsibilities accorded to him  or  her  by  the members as provided in the operating agreement.    (b)  Except  as  provided in the operating agreement and in accordance  with section four hundred nineteen of this article, the  managers  shall  manage  the  limited  liability  company  by  the  affirmative vote of a  majority of the managers.    (c) Except as provided in the operating agreement, any action required  or permitted to be taken by a  vote  of  the  managers  or  a  class  of  managers  may  be  taken without a vote if all of the managers or all of  the managers in such class, as the  case  may  be,  consent  thereto  in  writing,  and  the  writing  is  filed  with  the records of the limited  liability company.    (d) Except as otherwise provided in the operating agreement,  managers  of  a limited liability company may participate in a meeting by means of  conference telephone or similar communications  equipment  by  means  of  which all persons participating in the meeting can hear each other. Such  participation shall constitute presence in person at the meeting.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Llc > Article-4 > 408

§  408.  Management  by  managers. (a) If the articles of organization  provides that the management of the limited liability company  shall  be  vested  in  a  manager or managers or class or classes of managers, then  the management of the limited liability company shall be vested  in  one  or more managers or classes of managers in accordance with this chapter,  subject  to  any  provisions  in  the  articles  of  organization or the  operating agreement and section four hundred nineteen  of  this  article  granting or withholding the management powers or responsibilities of one  or  more managers or class or classes of managers.  A manager shall hold  such offices and have such responsibilities accorded to him  or  her  by  the members as provided in the operating agreement.    (b)  Except  as  provided in the operating agreement and in accordance  with section four hundred nineteen of this article, the  managers  shall  manage  the  limited  liability  company  by  the  affirmative vote of a  majority of the managers.    (c) Except as provided in the operating agreement, any action required  or permitted to be taken by a  vote  of  the  managers  or  a  class  of  managers  may  be  taken without a vote if all of the managers or all of  the managers in such class, as the  case  may  be,  consent  thereto  in  writing,  and  the  writing  is  filed  with  the records of the limited  liability company.    (d) Except as otherwise provided in the operating agreement,  managers  of  a limited liability company may participate in a meeting by means of  conference telephone or similar communications  equipment  by  means  of  which all persons participating in the meeting can hear each other. Such  participation shall constitute presence in person at the meeting.