Sec. 403.
(1) A vote of a majority in interest of the members entitled to vote in accordance with section 502(1) is required to select 1 or more managers to fill initial positions or vacancies.
(2) The members may remove 1 or more managers with or without cause unless an operating agreement provides that managers may be removed only for cause.
(3) The members may remove a manager for cause only at a meeting called expressly for that purpose, and the manager shall have reasonable advance notice of the allegations against that manager and an opportunity to be heard at the meeting.
History: 1993, Act 23, Eff. June 1, 1993 ;-- Am. 1997, Act 52, Imd. Eff. July 1, 1997 ;-- Am. 2002, Act 686, Imd. Eff. Dec. 30, 2002 ;-- Am. 2010, Act 290, Imd. Eff. Dec. 16, 2010
Structure Michigan Compiled Laws
Act 23 of 1993 - Michigan Limited Liability Company Act (450.4101 - 450.5200)
Article 4 - (450.4401...450.4409)
Section 450.4401 - Management Vested in Members.
Section 450.4402 - Managers; Delegation; Qualifications; Number; Notice of Delegation.
Section 450.4403 - Managers; Selection; Vote; Removal; Notice.
Section 450.4404 - Managers; Duties; Action for Failure to Perform Duties.
Section 450.4405 - Managers; Voting Requirements.
Section 450.4406 - Manager as Agent.
Section 450.4407 - Managers; Eliminating or Limiting Liability; Exceptions.
Section 450.4408 - Repealed. 2010, Act 290, Imd. Eff. Dec. 16, 2010.