There is a newer version of the Idaho Code and Statutes
2005 Idaho Code - 53-621 — MANAGEMENT
TITLE 53 PARTNERSHIP CHAPTER 6 IDAHO LIMITED LIABILITY COMPANY ACT 53-621. MANAGEMENT. (1) Unless an operating agreement vests management of the limited liability company in a manager or managers, management of the business or affairs of the limited liability company shall be vested in the members. Subject to any provisions in an operating agreement or this chapter restricting or enlarging the management rights and duties of any person or group or class of persons, the members shall have the right and authority to manage the affairs of the limited liability company and to make all decisions with respect thereto. (2) If an operating agreement vests management of the limited liability company in one (1) or more managers, then the manager or managers shall have exclusive power to manage the business and affairs of the limited liability company except to the extent otherwise provided in an operating agreement. Unless otherwise provided in an operating agreement, managers: (a) Shall be designated, appointed, elected, removed or replaced by a vote, approval or consent of more than one-half (1/2) by numbers of the members; (b) Need not be members of the limited liability company or natural persons; and (c) Unless they are sooner removed or sooner resign, shall hold office until their successors shall have been elected and qualified.
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