New York Consolidated Laws, Limited Liability Company Law - LLC § 413 | FindLaw Explore Resources For... Cases & Codes Practice Management Legal Technology Corporate Counsel Law Students Blogs ARE YOU A LEGAL CONSUMER? Find a Lawyer Visit Our Consumer Site Search Begin typing to search, use arrow keys to navigate, use enter to select Search for legal topics on FindLaw Cases & Codes Practice Management Legal Technology Corporate Counsel Law Students Blogs For Consumers ... FindLaw Codes New York Limited Liability Company Law § 413 New York Consolidated Laws, Limited Liability Company Law - LLC § 413. Election and term of managers Current as of January 01, 2021 | Updated by FindLaw Staff Welcome to FindLaw's Cases & Codes, a free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law. Search New York Codes Search by Keyword or Citation Search by Keyword or Citation Cancel « Prev Next » (a) Except as provided in the operating agreement, if the articles of organization provides that management shall be vested in one or more managers, the members shall vote in accordance with section four hundred two of this article to designate or elect annually the manager or managers of the limited liability company. (b) Each manager shall hold the office and have the terms (which may be unlimited) and responsibilities accorded to him or her by the members and set out in the operating agreement until his or her successor has been elected and qualified or until his or her earlier resignation or removal. (c) Except as provided in the operating agreement, the initial managers shall hold office until the first annual meeting of members and until their successors have been elected and qualified. (d) The number of managers may be increased or decreased by amendment to and in the manner provided in the operating agreement. « Prev Next » Cite this article: FindLaw.com - New York Consolidated Laws, Limited Liability Company Law - LLC § 413. Election and term of managers - last updated January 01, 2021 | https://codes.findlaw.com/ny/limited-liability-company-law/llc-sect-413/ Read this complete New York Consolidated Laws, Limited Liability Company Law - LLC § 413. Election and term of managers on Westlaw FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs. Latest Blog Posts Lawyer Reprimanded for Coded Sexism in Court Supreme Court Allows Biden Administration to End 'Remain in Mexico' Program Four Tips for Managing Difficult Client Conversations Can Sentient AI Break the Law? View More » Copied to clipboard Back to Top Questions? At FindLaw.com, we pride ourselves on being the number one source of free legal information and resources on the web. Contact us. Stay up-to-date with how the law affects your life. Sign up for our consumer newsletter. ENTER YOUR EMAIL ADDRESS Thank you for subscribing! FOLLOW US: ABOUT US Our Team Accessibility Contact Us FIND A LAWYER By Location By Legal Issue By Lawyer Profiles By Name SELF-HELP RESOURCES Legal Forms & Services LEGAL RESEARCH Learn About the Law State Laws U.S. Caselaw U.S. Codes LEGAL NETWORK FindLaw.com Free, trusted legal information for consumers and legal professionals SuperLawyers.com Directory of U.S. attorneys with the exclusive Super Lawyers rating Abogado.com The #1 Spanish-language legal website for consumers LawInfo.com Nationwide attorney directory and legal consumer resources Copyright © 2022, Thomson Reuters. All rights reserved. TermsPrivacyDisclaimerCookiesDo Not Sell My Information