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 to the Company to act in a manner which such Manager or officer reasonably believes to be in the best interests of the Company and to act in good faith and with the duty of care established by the LLC Law.
Appears in 3 contracts
Samples: Limited Liability Company Operating Agreement (Cleco Power LLC), Limited Liability Company Operating Agreement (Cleco Power LLC), Limited Liability Company Operating Agreement (Cleco Power LLC)
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 to the Company to act in a manner which such Manager or officer reasonably believes to be in the int eh best interests of the Company and to act in good faith and with the duty of care established by the LLC Law.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (SWEPCO Storm Recovery Funding LLC)
