RS 12:1311 Management by members - Louisiana Statutes

PART III.  MANAGEMENT AND MANAGEMENT

RIGHTS OF MEMBERS

§1311.  Management by members

Except as otherwise provided in the articles of organization, the business of the limited liability company shall be managed by the members, subject to any provision in a written operating agreement restricting or enlarging the management rights and duties of any member or group or class of members.  

Acts 1992, No. 780, §2, eff. July 7, 1992.