Section 408. Management by managers  


Latest version.
  • (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.