Management by Manager. Management of the LLC is vested in a Manager and not in the Member. The Manager shall be elected by the Member. The Manager may exercise all such powers of the LLC and do all such lawful acts and things as may be done by a manager of a limited liability company under the Act.
Appears in 5 contracts
Samples: Limited Liability Company Agreement (Pacific Export Resources, LLC), Limited Liability Company Agreement (Eacc Camps Inc), Limited Liability Company Agreement (Black Beauty Coal Co)
Management by Manager. Management of the LLC is vested in a Manager Management Committee and not in the Member. The Manager Committee shall be elected by the Member. The Manager Committee may exercise all such powers of the LLC and do all such lawful acts and things as may be done by a manager of a limited liability company under the Act.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Kanawha River Ventures I LLC)
