Except as otherwise provided in the articles of organization or an operating agreement, if the limited liability company has more than one manager, each manager shall be entitled to a single vote on all matters properly brought before the managers, and all decisions of the managers shall be made by majority vote of the managers. In the absence of such a provision in the articles or operating agreement, no manager shall have the right to vote by proxy.
R.S. 12:1316 active rs title
Voting by managers ACTIVE
Actions
References
None.
Cited by
None.
History
- enactment Acts 1992, No. 780, §2, eff. July 7, 1992
- amendment Acts 2014, No. 261, §1