Common use of General Duties of the Managers Clause in Contracts

General Duties of the Managers. (a) The Managers shall manage and control the affairs of the Company for its benefit and the benefit of the Member. (b) The Managers shall owe a duty of loyalty and duty of care to the Company and the Members as provided by the Act, except as provided in this Agreement.

Appears in 4 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

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