§ 7-16-12 — § 7-16-12. Amendment and restatement of articles of organization.

§ 7-16-12. Amendment and restatement of articles of organization.

(a) The articles of organization shall be amended when:

(1) There is a change in the name of the limited liability company;

(2) A company that did not previously have managers designates managers, or a company that previously did have managers is to be managed by its members; or

(3) There is a change in the manager of record.

(b) The articles of organization may be amended at any time and in any respect that is desired, as long as the articles of organization, as amended, contain only those provisions as are lawful under this chapter.

(c) The articles of organization may be restated at any time. Any restatement may include additional amendments.

Legislative History

P.L. 1992, ch. 280, § 1; P.L. 1997, ch. 188, § 5; P.L. 2007, ch. 97, § 1; P.L. 2007, ch. 108, § 1; P.L. 2021, ch. 137, § 3, effective January 1, 2022; P.L. 2021, ch. 138, § 3, effective January 1, 2022.