Duties of Managers and Officers. Except to the extent otherwise provided herein, each Manager and officer of the Company shall have a fiduciary duty of loyalty and care similar to that of directors and officers of business corporations organized under the Business Corporation Law of the State of Louisiana.
Appears in 4 contracts
Samples: Limited Liability Company Operating Agreement (Cleco Power LLC), Operating Agreement (Entergy New Orleans Inc), Limited Liability Company Operating Agreement (Entergy Louisiana Investment Recovery Funding I, L.L.C.)
Duties of Managers and Officers. Except to the extent otherwise provided herein, each Manager and officer of the Company shall have a fiduciary duty of loyalty and care similar to that of directors and officers of business corporations organized under the Business Corporation Limited Corporations Law of the State of Louisiana.
Appears in 1 contract
Samples: Limited Liability Company Agreement (SWEPCO Storm Recovery Funding LLC)
