Section 10.50.110. Management generally.

Latest version.

   (a) Except as otherwise provided in the company's articles of organization, the members of a limited liability company manage the affairs and make the decisions of the company. Management by the members is subject to a provision in an operating agreement or this chapter limiting or increasing the management rights and duties of the members, including limits or increases placed on a class of members or an individual member.
   (b) If a limited liability company is managed by a manager, the manager has the exclusive power to manage the affairs of the company to the extent authorized by the operating agreement.

Authorities

10.50.410

Notes

References

AS 10.50.410 Authority to wind up.

History

(Sec. 1 ch 99 SLA 1994)

                    
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