2006 New York Code - Classes And Voting Of Managers.



 
    §   419.   Classes  and  voting  of  managers.  (a)  The  articles  of
  organization of a limited liability company may provide for  classes  or
  groups  of managers having such relative rights, powers, preferences and
  limitations as the operating agreement  may  provide.  The  articles  of
  organization  may  make provision for the future creation, in the manner
  provided in the operating agreement, of additional classes  of  managers
  having  such relative rights, powers, preferences and limitations as may
  from time to time be established pursuant to  the  operating  agreement,
  including  rights, powers, preferences, limitations and duties senior to
  existing classes of managers. The operating agreement  may  provide  for
  the  classification  of  managers  within  classes  of  managers for the
  purpose of determining the terms of office  of  such  managers  and  may
  grant  to  all  or  to one or more classes of managers the right to vote
  upon any matter on a per capita, class or other basis.
    (b) The operating agreement  may  set  forth  provisions  relating  to
  notice  of the time, place or purpose of any meeting at which any matter
  is to be voted on by any managers, waiver of any such notice, action  by
  consent  without  a  meeting, the establishment of a record date, quorum
  requirements, voting in person or by proxy  or  any  other  matter  with
  respect to the exercise of any such right to vote.

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