Louisiana Statutes
§ 12:1316 — Voting by managers
Louisiana·Title 12 Conservation of Cultural Resources
Except as otherwise provided in the articles of organization or an operating agreement, if the limited liability company has more than one manager, each manager shall be entitled to a single vote on all matters properly brought before the managers, and all decisions of the managers shall be made by majority vote of the managers. In the absence of such a provision in the articles or operating agreement, no manager shall have the right to vote by proxy.
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Related
Legislative History
Acts 1992, No. 780, §2, eff. July 7, 1992; Acts 2014, No. 261, §1.
Nearby Sections
15
§ 12:130
§ 12:130§ 12:1301
Definitions§ 12:1302
§ 12:1302§ 12:1303
Powers§ 12:1304
Formation§ 12:1306
Name§ 12:1308.1
Annual report§ 12:1308.3
Conversion of state of organization