Code · Louisiana · Title 12 — Corporations and Associations

RS 12:1311

71 words·~1 min read·/la/title-12/12-164

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

RS 12:1311

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.