State Codes and Statutes

Statutes > New-york > Llc > Article-4 > 415

§  415.  Resignation  of managers. Except as provided in the operating  agreement, a manager may resign at any time by giving written notice  to  the   limited   liability   company;  provided,  however,  that  if  the  resignation violates any provision contained in the operating  agreement  or  the  provision  of any contractual agreement between the manager and  the limited liability company, the limited liability company may recover  from such manager damages for such breach as provided by such  operating  agreement  or contract or by law. The election of a manager shall not of  itself create contract rights.

State Codes and Statutes

Statutes > New-york > Llc > Article-4 > 415

§  415.  Resignation  of managers. Except as provided in the operating  agreement, a manager may resign at any time by giving written notice  to  the   limited   liability   company;  provided,  however,  that  if  the  resignation violates any provision contained in the operating  agreement  or  the  provision  of any contractual agreement between the manager and  the limited liability company, the limited liability company may recover  from such manager damages for such breach as provided by such  operating  agreement  or contract or by law. The election of a manager shall not of  itself create contract rights.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Llc > Article-4 > 415

§  415.  Resignation  of managers. Except as provided in the operating  agreement, a manager may resign at any time by giving written notice  to  the   limited   liability   company;  provided,  however,  that  if  the  resignation violates any provision contained in the operating  agreement  or  the  provision  of any contractual agreement between the manager and  the limited liability company, the limited liability company may recover  from such manager damages for such breach as provided by such  operating  agreement  or contract or by law. The election of a manager shall not of  itself create contract rights.