Georgia Statutes

§ 14-11-308 — Approval rights of members and managers

Georgia·Title 14
(a)Except as otherwise provided in this chapter or in the articles of organization or a written operating agreement, and subject to subsection (b) of this Code section:
(1)If management of the limited liability company is vested in the members, each member shall have one vote with respect to, and the affirmative vote, approval, or consent of a majority of the members shall be required to decide, any matter arising in connection with the business and affairs of the limited liability company; and (2) If management of the limited liability company is vested in a manager or managers, each manager shall have one vote with respect to, and the affirmative vote, approval, or consent of a majority of the managers shall be required to decide, any matter arising in connection with the business and

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Related

In Re Global Ship Systems, LLC
391 B.R. 193 (S.D. Georgia, 2007)
7 case citations
Blue Whale Studios, LLC
(N.D. Georgia, 2022)

Legislative History

Amended by 2002 Ga. Laws 948, § 2, eff. 7/1/2002.

Nearby Sections

15
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