Asked by Katie Moules on May 29, 2024
Verified
Any of the managers in a manager-managed LLC may be removed at any time by a vote of:
A) one third of all LLC members.
B) two-thirds of all LLC members.
C) a majority of LLC members.
D) the board of directors.
Manager-Managed LLC
A limited liability company where the daily operations are overseen by appointed managers rather than all members.
LLC Members
Individuals or entities that own an interest in a limited liability company and have rights and responsibilities outlined in the LLC's operating agreement.
- Comprehend the organizational and supervisory mechanisms of LLCs and their effects.
Verified Answer
HB
Hallie BrownJun 01, 2024
Final Answer :
C
Explanation :
Any of the managers in a manager-managed LLC may be elected and removed at any time by a vote of a majority of LLC members.
Learning Objectives
- Comprehend the organizational and supervisory mechanisms of LLCs and their effects.
Related questions
Which of the Following Countries Claims to Be the First ...
Which State Passed the First Limited Liability Company (LLC)statute in ...
Limited Liability Companies Are Formed Under Federal Law for International ...
In a State in Which the Managers of a Limited ...
Data Analytics LLC Is a Limited Liability Company ...