79-29-302 - Management of limited liability company. - Mississippi Statutes

§ 79-29-302. Management of limited liability company.
 

Except to the extent that the certificate of formation provides for management of a limited liability company by a manager or managers, management of a limited liability company shall be vested in its members. The certificate of formation or limited liability company agreement may impose limitations on the powers and authorities of the manager or managers of the limited liability company. 
 

Sources: Laws,  1994, ch. 402, § 23, eff from and after July 1, 1994.