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This entry was published on 2014-09-22
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Election and term of managers
Limited Liability Company Law (LLC) CHAPTER 34, ARTICLE 4
§ 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

(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.