Wyoming Statutes
§ 17-25-106 — Management
Wyoming·Title 17 Corporations, Partnerships and Associations·Ch. 25 CLOSE LIMITED LIABILITY COMPANY SUPPLEMENT
Management of a close limited liability company shall be vested
in its members which, unless otherwise provided in the operating
agreement, shall be in proportion to the division of profits and
losses among members. If provision is made for it in the
articles of organization, management of the company may be
vested in a manager or managers who shall be appointed in the
articles of organization or operating agreement or elected by
the members in the manner prescribed by the operating agreement
of the company. The manager or managers, or persons appointed
by the manager or managers, shall also hold the offices and have
the responsibilities accorded to them by the members and set out
in the operating agreement of the company.
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Nearby Sections
11
§ 17-25-101
Short title§ 17-25-104
Formation§ 17-25-105
Articles of organization§ 17-25-106
Management§ 17-25-108
Dissolution§ 17-25-109
Repealed By Laws 2010, Ch. 94, § 3§ 17-25-110
Sharing of profits and losses; distributions§ 17-25-111
Transferability of interest