Effective: July 1, 1994
Latest Legislation: Senate Bill 74 - 120th General Assembly
Unless otherwise provided in writing in the operating agreement, the management of a limited liability company shall be vested in its members in proportion to their contributions to the capital of the company, as adjusted from time to time to properly reflect any additional contributions or withdrawals by the members.
Last updated April 22, 2021 at 5:46 PM