Member-managed limited liability company means a limited liability company that is not a manager-managed limited liability company.
More Definitions of Member-managed limited liability company
Member-managed limited liability company means a limited 1160 liability company that is not a manager-managed limited liability 1161 company. 1162 (20) "Operating agreement" means the agreement, whether or not 1163 referred to as an operating agreement and whether oral, implied, in a 1164 record or in any combination thereof, of all the members of a limited 1165 liability company, including a sole member, concerning the matters 1166 described in subsection (a) of section 34-243d. "Operating agreement" 1167 includes the agreement as amended or restated. 1168 (21) "Organizer" means a person that acts under section 34-247 to 1169 form a limited liability company. 1170 (22) "Person" means an individual, business corporation, nonprofit 1171 corporation, partnership, limited partnership, limited liability 1172 company, foreign limited liability company, cooperative association, 1173 limited cooperative association, unincorporated nonprofit association, 1174 statutory trust, business trust, common law business trust, estate, trust, 1175 association, joint venture, public corporation, government or 1176 governmental subdivision, agency or instrumentality, or any other 1177 domestic or foreign legal or commercial entity. 1178 (23) "Principal office" means the principal executive office of a 1179 limited liability company or foreign limited liability company, whether 1180 or not the office is located in this state. 1181 (24) "Professional service" means any type of service to the public 1182 that requires members of a profession rendering such service to obtain 1183 a license or other legal authorization as a condition precedent to the 1184 rendition thereof, limited to the professional services rendered by 1185 dentists, naturopaths, chiropractors, physicians and surgeons, 1186 physician assistants, doctors of dentistry, physical therapists, 1187 occupational therapists, podiatrists, optometrists, nurses, nurse- 1188 midwives, veterinarians, pharmacists, architects, professional 1189 engineers, or jointly by architects and professional engineers, 1190 landscape architects, real estate brokers, insurance producers, certified