Public-domain · open source
OpenJurist

N.Y. Ltd. Liab. Co. Law § 415

Resignation of managers

2014-09-22

§ 415. Resignation of managers. Except as provided in the operating\nagreement, a manager may resign at any time by giving written notice to\nthe limited liability company; provided, however, that if the\nresignation violates any provision contained in the operating agreement\nor the provision of any contractual agreement between the manager and\nthe limited liability company, the limited liability company may recover\nfrom such manager damages for such breach as provided by such operating\nagreement or contract or by law. The election of a manager shall not of\nitself create contract rights.\n

Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.