Election of Officers. After their election the Managers shall meet and organize by electing a President from their own number, a Secretary and a Treasurer, and any other officers determined to be necessary by the Board, who may, but need not, be Managers. Any two or more of such offices, except those of President and Secretary, may be held by the same person.
Appears in 46 contracts
Samples: Limited Liability Company Agreement (Honda Auto Receivables 2012-4 Owner Trust), Limited Liability Company Agreement (Honda Auto Receivables 2014-1 Owner Trust), Limited Liability Company Agreement (Honda Auto Receivables 2011-2 Owner Trust)
Election of Officers. After their election the Managers shall meet and organize by electing a President from their own number, a Secretary and a Treasurer, and any other officers determined to be necessary by the Board, who may, but need not, be Managersmember. of the Board. Any two or more of such offices, except those of President and Secretary, may be maybe held by the same person.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Toyota Auto Finance Receivables LLC)
