Current through Public Act 171 of the 2024 Legislative Session
Section 450.4403 - Managers; selection; vote; removal; notice(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.Amended by 2010, Act 290,s 10, eff. 12/16/2010.1993, Act 23, eff. 6/1/1993 ;--Am. 1997, Act 52, imd. eff. 7/1/1997 ;--Am. 2002, Act 686, imd. eff. 12/30/2002.