Rhode Island General Laws 7-16-16. Election and removal of managers
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Unless otherwise provided in the articles of organization or operating agreement:
(1) Election of managers to fill initial positions or vacancies shall be by majority vote of the members.
(2) Any or all managers may be removed, with or without cause, by majority vote of the members.
History of Section.
P.L. 1992, ch. 280, § 1.
Terms Used In Rhode Island General Laws 7-16-16
- Articles of organization: means documents filed under § 7-16-5 for the purpose of forming a limited-liability company. See Rhode Island General Laws 7-16-2
- Managers: means a person or persons designated by the members of a limited-liability company to manage the limited-liability company. See Rhode Island General Laws 7-16-2
- Operating agreement: means any agreement, written or oral, of the members as to the affairs of a limited-liability company and the conduct of its business. See Rhode Island General Laws 7-16-2