2006 New York Code - Election And Term Of Managers.



 
    §  413.  Election  and term of managers. (a) Except as provided in the
  operating agreement, if  the  articles  of  organization  provides  that
  management  shall  be  vested in one or more managers, the members shall
  vote in accordance with section four hundred  two  of  this  article  to
  designate  or  elect  annually  the  manager  or managers of the limited
  liability company.
    (b) Each manager shall hold the office and have the terms  (which  may
  be unlimited) and responsibilities accorded to him or her by the members
  and  set  out  in the operating agreement until his or her successor has
  been elected and qualified or until his or her  earlier  resignation  or
  removal.
    (c)  Except  as  provided  in  the  operating  agreement,  the initial
  managers shall hold office until the first annual meeting of members and
  until their successors have been elected and qualified.
    (d) The number of managers may be increased or decreased by  amendment
  to and in the manner provided in the operating agreement.

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