Members. To the extent permitted under Sections 63.160, 63.165, and 63.170 of the Act, no Member shall be personally liable for the obligations of the Company. Members that are not Managers may not take any part in the control, management, direction, or operation of the Company's affairs and have no power to bind the Company pursuant to Sections 63.130 and 63.140 of the Act. The Members may advise the Managers, but Managers are not required to accept such advice. The Managers have the exclusive right to control and manage the Company, except where this Agreement, the Act specifically requires the consent, approval, agreement, or other action the Members. In such instance, except where this Agreement, the Act specifically requires unanimous consent of the Members or of a specific portion of the Members, an affirmative majority vote shall constitute the consent, approval, agreement or other action of the Members. No Member, in his, her or its capacity as such, shall have authority to act for or bind the Company with respect to any matter not otherwise authorized by the Members or Managers pursuant to the terms of this Agreement and Section 63.140 of the Act.
Appears in 3 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
Members. To the extent permitted under Sections 63.160, 63.165, and 63.170 Section 00-00-000 of the Act, no Member shall be personally liable for the obligations of the Company. Members that are not Managers may not take any part in the control, management, direction, or operation of the Company's affairs and have no power to bind the Company pursuant to Sections 63.130 00-00-000 and 63.140 00-00-000 of the Act. The Members may advise the Managers, but Managers are not required to accept such advice. The Managers have the exclusive right to control and manage the Company, except where this Agreement, Agreement or the Act specifically requires the consent, approval, agreement, or other action the Members. In such instance, except where this Agreement, Agreement or the Act specifically requires unanimous consent of the Members or of a specific portion of the Members, an affirmative majority vote shall constitute the consent, approval, agreement or other action of the Members. No Member, in his, her or its capacity as such, shall have authority to act for or bind the Company with respect to any matter not otherwise authorized by the Members or Managers pursuant to the terms of this Agreement and Section 63.140 of the ActAgreement.
Appears in 3 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
Members. To the extent permitted under Sections 63.160, 63.165, and 63.170 Section 183.0304 of the ActLaw, no Member shall be personally liable for the obligations of the Company. Members that are not Managers may not take any part in the control, management, direction, or operation of the Company's affairs and have no power to bind the Company pursuant to Sections 63.130 183.0401 and 63.140 183.0402 of the ActLaw. The Members may advise the Managers, but Managers are not required to accept such advice. The Managers have the exclusive right to control and manage the Company, except where this Agreement, Agreement or the Act Law specifically requires the consent, approval, agreement, or other action the Members. In such instance, except where this Agreement, Agreement or the Act Law specifically requires unanimous consent of the Members or of a specific portion of the Members, an affirmative majority vote shall constitute the consent, approval, agreement or other action of the Members. No Member, in his, her or its capacity as such, shall have authority to act for or bind the Company with respect to any matter not otherwise authorized by the Members or Managers pursuant to the terms of this Agreement and Section 63.140 of the ActAgreement.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
Members. To the extent permitted under Sections 63.160, 63.165, 428-302 and 63.170 428-303 of the Act, no Member shall be personally liable for the obligations of the Company. Members that are not Managers may not take any part in the control, management, direction, or operation of the Company's affairs and have no power to bind the Company pursuant to Sections 63.130 428-301 and 63.140 428-404 of the Act. The Members may advise the Managers, but Managers are not required to accept such advice. The Managers have the exclusive right to control and manage the Company, except where this Agreement, the Act specifically requires the consent, approval, agreement, or other action the Members. In such instance, except where this Agreement, the Act specifically requires unanimous consent of the Members or of a specific portion of the Members, an affirmative majority vote shall constitute the consent, approval, agreement or other action of the Members. No Member, in his, her or its capacity as such, shall have authority to act for or bind the Company with respect to any matter not otherwise authorized by the Members or Managers pursuant to the terms of this Agreement and Section 63.140 428-301 of the Act.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
Members. To the extent permitted under Sections 63.160, 63.165, and 63.170 Section 29–803.04 of the Act, no Member shall be personally liable for the obligations of the Company. Members that are not Managers may not take any part in the control, management, direction, or operation of the Company's affairs and have no power to bind the Company pursuant to Sections 63.130 29–803.01 and 63.140 29–804.07 of the Act. The Members may advise the Managers, but Managers are not required to accept such advice. The Managers have the exclusive right to control and manage the Company, except where this Agreement, Agreement or the Act specifically requires the consent, approval, agreement, or other action the Members. In such instance, except where this Agreement, Agreement or the Act specifically requires unanimous consent of the Members or of a specific portion of the Members, an affirmative majority vote shall constitute the consent, approval, agreement or other action of the Members. No Member, in his, her or its capacity as such, shall have authority to act for or bind the Company with respect to any matter not otherwise authorized by the Members or Managers pursuant to the terms of this Agreement and Section 63.140 of the ActAgreement.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
Members. To the extent permitted under Sections 63.160, 63.165, and 63.170 Section 42:2C-30 of the Act, no Member shall be personally liable for the obligations of the Company. Members that are not Managers may not take any part in the control, management, direction, or operation of the Company's affairs and have no power to bind the Company pursuant to Sections 63.130 42:2C-27 and 63.140 42:2C-37 of the Act. The Members may advise the Managers, but Managers are not required to accept such advice. The Managers have the exclusive right to control and manage the Company, except where this Agreement, Agreement or the Act specifically requires the consent, approval, agreement, or other action the Members. In such instance, except where this Agreement, Agreement or the Act specifically requires unanimous consent of the Members or of a specific portion of the Members, an affirmative majority vote shall constitute the consent, approval, agreement or other action of the Members. No Member, in his, her or its capacity as such, shall have authority to act for or bind the Company with respect to any matter not otherwise authorized by the Members or Managers pursuant to the terms of this Agreement and Section 63.140 of the ActAgreement.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
Members. To the extent permitted under Sections 63.16023-18-3-1.1, 63.16523-18-3-3, and 63.170 23-18-3-5 of the Act, no Member shall be personally liable for the obligations of the Company. Members that are not Managers may not take any part in the control, management, direction, or operation of the Company's affairs and have no power to bind the Company pursuant to Sections 63.130 and 63.140 Section 23-18-4-1 of the Act. The Members may advise the Managers, but Managers are not required to accept such advice. The Managers have the exclusive right to control and manage the Company, except where this Agreement, the Act specifically requires the consent, approval, agreement, or other action the Members. In such instance, except where this Agreement, the Act specifically requires unanimous consent of the Members or of a specific portion of the Members, an affirmative majority vote shall constitute the consent, approval, agreement or other action of the Members. No Member, in his, her or its capacity as such, shall have authority to act for or bind the Company with respect to any matter not otherwise authorized by the Members or Managers pursuant to the terms of this Agreement and Section 63.140 23-18-4-1 of the Act.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
Members. To the extent permitted under Sections 63.160, 63.165, 86.371 and 63.170 86.391 of the Act, no Member shall be personally liable for the obligations of the Company. Members that are not Managers may not take any part in the control, management, direction, or operation of the Company's affairs and have no power to bind the Company pursuant to Sections 63.130 and 63.140 Section 86.291 of the Act. The Members may advise the Managers, but Managers are not required to accept such advice. The Managers have the exclusive right to control and manage the Company, except where this Agreement, Agreement or the Act specifically requires the consent, approval, agreement, or other action the Members. In such instance, except where this Agreement, Agreement or the Act specifically requires unanimous consent of the Members or of a specific portion of the Members, an affirmative majority vote shall constitute the consent, approval, agreement or other action of the Members. No Member, in his, her or its capacity as such, shall have authority to act for or bind the Company with respect to any matter not otherwise authorized by the Members or Managers pursuant to the terms of this Agreement and Section 63.140 of the ActAgreement.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
Members. To the extent permitted under Sections 63.160, 63.165, and 63.170 Section 34-251a of the Act, no Member shall be personally liable for the obligations of the Company. Members that are not Managers may not take any part in the control, management, direction, or operation of the Company's affairs and have no power to bind the Company pursuant to Sections 63.130 and 63.140 Section 34-255f of the Act. The Members may advise the Managers, but Managers are not required to accept such advice. The Managers have the exclusive right to control and manage the Company, except where this Agreement, Agreement or the Act specifically requires the consent, approval, agreement, or other action the Members. In such instance, except where this Agreement, Agreement or the Act specifically requires unanimous consent of the Members or of a specific portion of the Members, an affirmative majority vote shall constitute the consent, approval, agreement or other action of the Members. No Member, in his, her or its capacity as such, shall have authority to act for or bind the Company with respect to any matter not otherwise authorized by the Members or Managers pursuant to the terms of this Agreement and Section 63.140 of the ActAgreement.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
Members. To the extent permitted under Sections 63.160, 63.165, and 63.170 Section 00-000-000 of the Act, no Member shall be personally liable for the obligations of the Company. Members that are not Managers may not take any part in the control, management, direction, or operation of the Company's affairs and have no power to bind the Company pursuant to Sections 63.130 00-000-000 and 63.140 00-000-000 of the Act. The Members may advise the Managers, but Managers are not required to accept such advice. The Managers have the exclusive right to control and manage the Company, except where this Agreement, Agreement or the Act specifically requires the consent, approval, agreement, or other action the Members. In such instance, except where this Agreement, Agreement or the Act specifically requires unanimous consent of the Members or of a specific portion of the Members, an affirmative majority vote shall constitute the consent, approval, agreement or other action of the Members. No Member, in his, her or its capacity as such, shall have authority to act for or bind the Company with respect to any matter not otherwise authorized by the Members or Managers pursuant to the terms of this Agreement and Section 63.140 of the ActAgreement.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
Members. To the extent permitted under Sections 63.16012:1314, 63.16512:1315, and 63.170 12:1320 of the ActLaw, no Member shall be personally liable for the obligations of the Company. Members that are not Managers may not take any part in the control, management, direction, or operation of the Company's affairs and have no power to bind the Company pursuant to Sections 63.130 12:1311 and 63.140 12:1317 of the ActLaw. The Members may advise the Managers, but Managers are not required to accept such advice. The Managers have the exclusive right to control and manage the Company, except where this Agreement, Agreement or the Act Law specifically requires the consent, approval, agreement, or other action the Members. In such instance, except where this Agreement, Agreement or the Act Law specifically requires unanimous consent of the Members or of a specific portion of the Members, an affirmative majority vote shall constitute the consent, approval, agreement or other action of the Members. No Member, in his, her or its capacity as such, shall have authority to act for or bind the Company with respect to any matter not otherwise authorized by the Members or Managers pursuant to the terms of this Agreement and Section 63.140 of the ActAgreement.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
Members. To the extent permitted under Sections 63.160, 63.165, and 63.170 Section 605.0304 of the Act, no Member shall be personally liable for the obligations of the Company. Members that are not Managers may not take any part in the control, management, direction, or operation of the Company's affairs and have no power to bind the Company pursuant to Sections 63.130 and 63.140 under Section 605.0407 of the Act. The Members may advise the Managers, but Managers are not required to accept such advice. The Managers have the exclusive right to control and manage the Company, except where this Agreement, Agreement or the Act specifically requires the consent, approval, agreement, or other action the Members. In such instance, except where this Agreement, Agreement or the Act specifically requires unanimous consent of the Members or of a specific portion of the Members, an affirmative majority vote shall constitute the consent, approval, agreement or other action of the Members. No Member, in his, her or its capacity as such, shall have authority to act for or bind the Company with respect to any matter not otherwise expressly authorized by the Members or Managers pursuant to the terms of this Agreement and Section 63.140 of the ActAgreement.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
Members. To the extent permitted under Sections 63.160, 63.165, and 63.170 Section 304-C:23 of the Act, no Member shall be personally liable for the obligations of the Company. Members that are not Managers may not take any part in the control, management, direction, or operation of the Company's affairs and have no power to bind the Company pursuant to Sections 63.130 304-C:47 and 63.140 304-C:52 of the Act. The Members may advise the Managers, but Managers are not required to accept such advice. The Managers have the exclusive right to control and manage the Company, except where this Agreement, Agreement or the Act specifically requires the consent, approval, agreement, or other action the Members. In such instance, except where this Agreement, Agreement or the Act specifically requires unanimous consent of the Members or of a specific portion of the Members, an affirmative majority vote shall constitute the consent, approval, agreement or other action of the Members. No Member, in his, her or its capacity as such, shall have authority to act for or bind the Company with respect to any matter not otherwise authorized by the Members or Managers pursuant to the terms of this Agreement and Section 63.140 of the ActAgreement.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
Members. To the extent permitted under Sections 63.160, 63.165, and 63.170 Section 25.15.126 of the ActCode, no Member shall be personally liable for the obligations of the Company. Members that are not Managers may not take any part in the control, management, direction, or operation of the Company's affairs and have no power to bind the Company pursuant to Sections 63.130 and 63.140 Section 25.15.154 of the ActCode. The Members may advise the Managers, but Managers are not required to accept such advice. The Managers have the exclusive right to control and manage the Company, except where this Agreement, Agreement or the Act Code specifically requires the consent, approval, agreement, or other action the Members. In such instance, except where this Agreement, Agreement or the Act Code specifically requires unanimous consent of the Members or of a specific portion of the Members, an affirmative majority vote shall constitute the consent, approval, agreement or other action of the Members. No Member, in his, her or its capacity as such, shall have authority to act for or bind the Company with respect to any matter not otherwise authorized by the Members or Managers pursuant to the terms of this Agreement and Section 63.140 of the ActAgreement.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
Members. To the extent permitted under Sections 63.160, 63.165, and 63.170 Section 10.50.265 of the Act, no Member shall be personally liable for the obligations of the Company. Members that are not Managers may not take any part in the control, management, direction, or operation of the Company's affairs and have no power to bind the Company pursuant to Sections 63.130 10.50.110 and 63.140 10.50.250 of the Act. The Members may advise the Managers, but Managers are not required to accept such advice. The Managers have the exclusive right to control and manage the Company, except where this Agreement, Agreement or the Act specifically requires the consent, approval, agreement, or other action the Members. In such instance, except where this Agreement, Agreement or the Act specifically requires unanimous consent of the Members or of a specific portion of the Members, an affirmative majority vote shall constitute the consent, approval, agreement or other action of the Members. No Member, in his, her or its capacity as such, shall have authority to act for or bind the Company with respect to any matter not otherwise authorized by the Members or Managers pursuant to the terms of this Agreement and Section 63.140 of the ActAgreement.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
Members. To the extent permitted under Sections 63.160, 63.165, and 63.170 Section 31B-3-303 of the Act, no Member shall be personally liable for the obligations of the Company. Members that are not Managers may not take any part in the control, management, direction, or operation of the Company's affairs and have no power to bind the Company pursuant to Sections 63.130 31B-3-301 and 63.140 31B-4-404 of the Act. The Members may advise the Managers, but Managers are not required to accept such advice. The Managers have the exclusive right to control and manage the Company, except where this Agreement, Agreement or the Act specifically requires the consent, approval, agreement, or other action the Members. In such instance, except where this Agreement, Agreement or the Act specifically requires unanimous consent of the Members or of a specific portion of the Members, an affirmative majority vote shall constitute the consent, approval, agreement or other action of the Members. No Member, in his, her or its capacity as such, shall have authority to act for or bind the Company with respect to any matter not otherwise authorized by the Members or Managers pursuant to the terms of this Agreement and Section 63.140 of the ActAgreement.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
Members. To the extent permitted under Sections 63.160, 63.165, and 63.170 Section 489.304 of the Act, no Member shall be personally liable for the obligations of the Company. Members that are not Managers may not take any part in the control, management, direction, or operation of the Company's affairs and have no power to bind the Company pursuant to Sections 63.130 and 63.140 Section 489.407 of the Act. The Members may advise the Managers, but Managers are not required to accept such advice. The Managers have the exclusive right to control and manage the Company, except where this Agreement, the Act specifically requires the consent, approval, agreement, or other action the Members. In such instance, except where this Agreement, the Act specifically requires unanimous consent of the Members or of a specific portion of the Members, an affirmative majority vote shall constitute the consent, approval, agreement or other action of the Members. No Member, in his, her or its capacity as such, shall have authority to act for or bind the Company with respect to any matter not otherwise authorized by the Members or Managers pursuant to the terms of this Agreement and Section 63.140 489.301 of the Act.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
Members. To the extent permitted under Sections 63.160, 63.165, 10A-5A-3.01 and 63.170 10A-5A-4.06 of the ActLaw, no Member shall be personally liable for the obligations of the Company. Members that are not Managers may not take any part in the control, management, direction, or operation of the Company's affairs and have no power to bind the Company pursuant to Sections 63.130 10A-5A- 3.02 and 63.140 10A-5A-4.07 of the ActLaw. The Members may advise the Managers, but Managers are not required to accept such advice. The Managers have the exclusive right to control and manage the Company, except where this Agreement, Agreement or the Act Law specifically requires the consent, approval, agreement, or other action the Members. In such instance, except where this Agreement, Agreement or the Act Law specifically requires unanimous consent of the Members or of a specific portion of the Members, an affirmative majority vote shall constitute the consent, approval, agreement or other action of the Members. No Member, in his, her or its capacity as such, shall have authority to act for or bind the Company with respect to any matter not otherwise authorized by the Members or Managers pursuant to the terms of this Agreement and Section 63.140 of the ActAgreement.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
Members. To the extent permitted under Sections 63.160, 63.165, 18-2017 and 63.170 18-2022 of the Act, no Member shall be personally liable for the obligations of the Company. Members that are not Managers may not take any part in the control, management, direction, or operation of the Company's affairs and have no power to bind the Company pursuant to Sections 63.130 18-2013 and 63.140 18-2019 of the Act. The Members may advise the Managers, but Managers are not required to accept such advice. The Managers have the exclusive right to control and manage the Company, except where this Agreement, Agreement or the Act specifically requires the consent, approval, agreement, or other action the Members. In such instance, except where this Agreement, Agreement or the Act specifically requires unanimous consent of the Members or of a specific portion of the Members, an affirmative majority vote shall constitute the consent, approval, agreement or other action of the Members. No Member, in his, her or its capacity as such, shall have authority to act for or bind the Company with respect to any matter not otherwise authorized by the Members or Managers pursuant to the terms of this Agreement and Section 63.140 of the ActAgreement.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
Members. To the extent permitted under Sections 63.160, 63.165, and 63.170 Section 8834 of the Act, no Member shall be personally liable for the obligations of the Company. Members that are not Managers may not take any part in the control, management, direction, or operation of the Company's affairs and have no power to bind the Company pursuant to Sections 63.130 and 63.140 Section 8831 of the Act. The Members may advise the Managers, but Managers are not required to accept such advice. The Managers have the exclusive right to control and manage the Company, except where this Agreement, the Act or the Code specifically requires the consent, approval, agreement, or other action the Members. In such instance, except where this Agreement, the Act or the Code specifically requires unanimous consent of the Members or of a specific portion of the Members, an affirmative majority vote shall constitute the consent, approval, agreement or other action of the Members. No Member, in his, her or its capacity as such, shall have authority to act for or bind the Company with respect to any matter not otherwise authorized by the Members or Managers pursuant to the terms of this Agreement and Section 63.140 of the ActAgreement.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
Members. To the extent permitted under Sections 63.160, 63.165, and 63.170 Section 1706.26 of the Act, no Member shall be personally liable for the obligations of the Company. Members that are not Managers may not take any part in the control, management, direction, or operation of the Company's affairs and have no power to bind the Company pursuant to Sections 63.130 and 63.140 Section 1706.18 of the Act. The Members may advise the Managers, but Managers are not required to accept such advice. The Managers have the exclusive right to control and manage the Company, except where this Agreement, Agreement or the Act specifically requires the consent, approval, agreement, or other action the Members. In such instance, except where this Agreement, Agreement or the Act specifically requires unanimous consent of the Members or of a specific portion of the Members, an affirmative majority vote shall constitute the consent, approval, agreement or other action of the Members. No Member, in his, her or its capacity as such, shall have authority to act for or bind the Company with respect to any matter not otherwise authorized by the Members or Managers pursuant to the terms of this Agreement and Section 63.140 of the ActAgreement.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
Members. To the extent permitted under Sections 63.160, 63.165, 1544 and 63.170 1559 of the Act, no Member shall be personally liable for the obligations of the Company. Members that are not Managers may not take any part in the control, management, direction, or operation of the Company's affairs and have no power to bind the Company pursuant to Sections 63.130 and 63.140 under Section 1541 of the Act. The Members may advise the Managers, but Managers are not required to accept such advice. The Managers have the exclusive right to control and manage the Company, except where this Agreement, Agreement or the Act specifically requires the consent, approval, agreement, or other action the Members. In such instance, except where this Agreement, Agreement or the Act specifically requires unanimous consent of the Members or of a specific portion of the Members, an affirmative majority vote shall constitute the consent, approval, agreement or other action of the Members. No Member, in his, her or its capacity as such, shall have authority to act for or bind the Company with respect to any matter not otherwise expressly authorized by the Members or Managers pursuant to the terms of this Agreement and Section 63.140 of the ActAgreement.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
Members. To the extent permitted under Sections 63.160, 63.165, and 63.170 Section 18-303 of the Act, no Member shall be personally liable for the obligations of the Company. Members that are not Managers may not take any part in the control, management, direction, or operation of the Company's affairs and have no power to bind the Company pursuant to Sections 63.130 and 63.140 Section 18-402 of the Act. The Members may advise the Managers, but Managers are not required to accept such advice. The Managers have the exclusive right to control and manage the Company, except where this Agreement, Agreement or the Act specifically requires the consent, approval, agreement, or other action the Members. In such instance, except where this Agreement, Agreement or the Act specifically requires unanimous consent of the Members or of a specific portion of the Members, an affirmative majority vote shall constitute the consent, approval, agreement or other action of the Members. No Member, in his, her or its capacity as such, shall have authority to act for or bind the Company with respect to any matter not otherwise authorized by the Members or Managers pursuant to the terms of this Agreement and Section 63.140 of the ActAgreement.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
Members. To the extent permitted under Sections 63.160, 63.165, and 63.170 Section 00-00-000 of the Act, no Member shall be personally liable for the obligations of the Company. Members that are not Managers may not take any part in the control, management, direction, or operation of the Company's affairs and have no power to bind the Company pursuant to Sections 63.130 and 63.140 under Section 00-00-000 of the Act. The Members may advise the Managers, but Managers are not required to accept such advice. The Managers have the exclusive right to control and manage the Company, except where this Agreement, Agreement or the Act specifically requires the consent, approval, agreement, or other action the Members. In such instance, except where this Agreement, Agreement or the Act specifically requires unanimous consent of the Members or of a specific portion of the Members, an affirmative majority vote shall constitute the consent, approval, agreement or other action of the Members. No Member, in his, her or its capacity as such, shall have authority to act for or bind the Company with respect to any matter not otherwise expressly authorized by the Members or Managers pursuant to the terms of this Agreement and Section 63.140 of the ActAgreement.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
Members. To the extent permitted under Sections 63.160, 63.165, and 63.170 Section 53-19-16 of the Act, no Member shall be personally liable for the obligations of the Company. Members that are not Managers may not take any part in the control, management, direction, or operation of the Company's affairs and have no power to bind the Company pursuant to Sections 63.130 and 63.140 under Section 53-19-15 of the Act. The Members may advise the Managers, but Managers are not required to accept such advice. The Managers have the exclusive right to control and manage the Company, except where this Agreement, Agreement or the Act specifically requires the consent, approval, agreement, or other action the Members. In such instance, except where this Agreement, Agreement or the Act specifically requires unanimous consent of the Members or of a specific portion of the Members, an affirmative majority vote shall constitute the consent, approval, agreement or other action of the Members. No Member, in his, her or its capacity as such, shall have authority to act for or bind the Company with respect to any matter not otherwise authorized by the Members or Managers pursuant to the terms of this Agreement and Section 63.140 of the ActAgreement.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
Members. To the extent permitted under Sections 63.160, 63.165, and 63.170 Section 17-7688 of the Act, no Member shall be personally liable for the obligations of the Company. Members that are not Managers may not take any part in the control, management, direction, or operation of the Company's affairs and have no power to bind the Company pursuant to Sections 63.130 and 63.140 Section 17-7693 of the Act. The Members may advise the Managers, but Managers are not required to accept such advice. The Managers have the exclusive right to control and manage the Company, except where this Agreement, Agreement or the Act specifically requires the consent, approval, agreement, or other action the Members. In such instance, except where this Agreement, Agreement or the Act specifically requires unanimous consent of the Members or of a specific portion of the Members, an affirmative majority vote shall constitute the consent, approval, agreement or other action of the Members. No Member, in his, her or its capacity as such, shall have authority to act for or bind the Company with respect to any matter not otherwise authorized by the Members or Managers pursuant to the terms of this Agreement and Section 63.140 of the ActAgreement.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
Members. To the extent permitted under Sections 63.160, 63.165, and 63.170 Section 13.1-1019 of the Act, no Member shall be personally liable for the obligations of the Company. Members that are not Managers may not take any part in the control, management, direction, or operation of the Company's affairs and have no power to bind the Company pursuant to Sections 63.130 13.1-1021.1 and 63.140 13.1-1022 of the Act. The Members may advise the Managers, but Managers are not required to accept such advice. The Managers have the exclusive right to control and manage the Company, except where this Agreement, Agreement or the Act specifically requires the consent, approval, agreement, or other action the Members. In such instance, except where this Agreement, Agreement or the Act specifically requires unanimous consent of the Members or of a specific portion of the Members, an affirmative majority vote shall constitute the consent, approval, agreement or other action of the Members. No Member, in his, her or its capacity as such, shall have authority to act for or bind the Company with respect to any matter not otherwise authorized by the Members or Managers pursuant to the terms of this Agreement and Section 63.140 of the ActAgreement.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
Members. To the extent permitted under Sections 63.160, 63.165, and 63.170 Section 17703.04 of the Act, no Member shall be personally liable for the obligations of the Company. Members that are not Managers may not take any part in the control, management, direction, or operation of the Company's affairs and have no power to bind the Company pursuant to Sections 63.130 and 63.140 under Section 17703.01 of the Act. The Members may advise the Managers, but Managers are not required to accept such advice. The Managers have the exclusive right to control and manage the Company, except where this Agreement, Agreement or the Act specifically requires the consent, approval, agreement, or other action the Members. In such instance, except where this Agreement, Agreement or the Act specifically requires unanimous consent of the Members or of a specific portion of the Members, an affirmative majority vote shall constitute the consent, approval, agreement or other action of the Members. No Member, in his, her or its capacity as such, shall have authority to act for or bind the Company with respect to any matter not otherwise expressly authorized by the Members or Managers pursuant to the terms of this Agreement and Section 63.140 of the ActAgreement.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
Members. To the extent permitted under Sections 63.160, 63.165, and 63.170 Section 00-00-000 of the Act, no Member shall be personally liable for the obligations of the Company. Members that are not Managers may not take any part in the control, management, direction, or operation of the Company's affairs and have no power to bind the Company pursuant to Sections 63.130 and 63.140 Section 00-00-000 of the Act. The Members may advise the Managers, but Managers are not required to accept such advice. The Managers have the exclusive right to control and manage the Company, except where this Agreement, the Act specifically requires the consent, approval, agreement, or other action the Members. In such instance, except where this Agreement, the Act specifically requires unanimous consent of the Members or of a specific portion of the Members, an affirmative majority vote shall constitute the consent, approval, agreement or other action of the Members. No Member, in his, her or its capacity as such, shall have authority to act for or bind the Company with respect to any matter not otherwise authorized by the Members or Managers pursuant to the terms of this Agreement and Section 63.140 00-00-000 of the Act.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
Members. To the extent permitted under Sections 63.160, 63.165, and 63.170 Section 275.150 of the Act, no Member shall be personally liable for the obligations of the Company. Members that are not Managers may not take any part in the control, management, direction, or operation of the Company's affairs and have no power to bind the Company pursuant to Sections 63.130 and 63.140 Section 275.165 of the Act. The Members may advise the Managers, but Managers are not required to accept such advice. The Managers have the exclusive right to control and manage the Company, except where this Agreement, Agreement or the Act specifically requires the consent, approval, agreement, or other action the Members. In such instance, except where this Agreement, Agreement or the Act specifically requires unanimous consent of the Members or of a specific portion of the Members, an affirmative majority vote shall constitute the consent, approval, agreement or other action of the Members. No Member, in his, her or its capacity as such, shall have authority to act for or bind the Company with respect to any matter not otherwise authorized by the Members or Managers pursuant to the terms of this Agreement and Section 63.140 of the ActAgreement.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
Members. To the extent permitted under Sections 63.160, 63.165, and 63.170 Section 450.4501 of the Act, no Member shall be personally liable for the obligations of the Company. Members that are not Managers may not take any part in the control, management, direction, or operation of the Company's affairs and have no power to bind the Company pursuant to Sections 63.130 and 63.140 Section 450.4401 of the Act. The Members may advise the Managers, but Managers are not required to accept such advice. The Managers have the exclusive right to control and manage the Company, except where this Agreement, Agreement or the Act specifically requires the consent, approval, agreement, or other action the Members. In such instance, except where this Agreement, Agreement or the Act specifically requires unanimous consent of the Members or of a specific portion of the Members, an affirmative majority vote shall constitute the consent, approval, agreement or other action of the Members. No Member, in his, her or its capacity as such, shall have authority to act for or bind the Company with respect to any matter not otherwise authorized by the Members or Managers pursuant to the terms of this Agreement and Section 63.140 of the ActAgreement.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
Members. To the extent permitted under Sections 63.160, 63.165, and 63.170 Section 21-129 of the Act, no Member shall be personally liable for the obligations of the Company. Members that are not Managers may not take any part in the control, management, direction, or operation of the Company's affairs and have no power to bind the Company pursuant to Sections 63.130 21-126 and 63.140 21-136 of the Act. The Members may advise the Managers, but Managers are not required to accept such advice. The Managers have the exclusive right to control and manage the Company, except where this Agreement, Agreement or the Act specifically requires the consent, approval, agreement, or other action the Members. In such instance, except where this Agreement, Agreement or the Act specifically requires unanimous consent of the Members or of a specific portion of the Members, an affirmative majority vote shall constitute the consent, approval, agreement or other action of the Members. No Member, in his, her or its capacity as such, shall have authority to act for or bind the Company with respect to any matter not otherwise authorized by the Members or Managers pursuant to the terms of this Agreement and Section 63.140 of the ActAgreement.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
Members. To the extent permitted under Sections 63.160, 63.165, and 63.170 Section 29-3304 of the Act, no Member shall be personally liable for the obligations of the Company. Members that are not Managers may not take any part in the control, management, direction, or operation of the Company's affairs and have no power to bind the Company pursuant to Sections 63.130 and 63.140 Section 29-3301 of the Act. The Members may advise the Managers, but Managers are not required to accept such advice. The Managers have the exclusive right to control and manage the Company, except where this Agreement, Agreement or the Act specifically requires the consent, approval, agreement, or other action the Members. In such instance, except where this Agreement, Agreement or the Act specifically requires unanimous consent of the Members or of a specific portion of the Members, an affirmative majority vote shall constitute the consent, approval, agreement or other action of the Members. No Member, in his, her or its capacity as such, shall have authority to act for or bind the Company with respect to any matter not otherwise authorized by the Members or Managers pursuant to the terms of this Agreement and Section 63.140 of the ActAgreement.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
Members. To the extent permitted under Sections 63.160, 63.165, and 63.170 Section 22 of the Act, no Member shall be personally liable for the obligations of the Company. Members that are not Managers may not take any part in the control, management, direction, or operation of the Company's affairs and have no power to bind the Company pursuant to under Sections 63.130 and 63.140 15 or 24 of the Act. The Members may advise the Managers, but Managers are not required to accept such advice. The Managers have the exclusive right to control and manage the Company, except where this Agreement, Agreement or the Act specifically requires the consent, approval, agreement, or other action the Members. In such instance, except where this Agreement, Agreement or the Act specifically requires unanimous consent of the Members or of a specific portion of the Members, an affirmative majority vote shall constitute the consent, approval, agreement or other action of the Members. No Member, in his, her or its capacity as such, shall have authority to act for or bind the Company with respect to any matter not otherwise expressly authorized by the Members or Managers pursuant to the terms of this Agreement and Section 63.140 of the ActAgreement.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
Members. To the extent permitted under Sections 63.160, 63.165, and 63.170 Section 10-10 of the Act, no Member shall be personally liable for the obligations of the Company. Members that are not Managers may not take any part in the control, management, direction, or operation of the Company's affairs and have no power to bind the Company pursuant to Sections 63.130 and 63.140 Section 13-5 of the Act. The Members may advise the Managers, but Managers are not required to accept such advice. The Managers have the exclusive right to control and manage the Company, except where this Agreement, the Act specifically requires the consent, approval, agreement, or other action the Members. In such instance, except where this Agreement, the Act specifically requires unanimous consent of the Members or of a specific portion of the Members, an affirmative majority vote shall constitute the consent, approval, agreement or other action of the Members. No Member, in his, her or its capacity as such, shall have authority to act for or bind the Company with respect to any matter not otherwise authorized by the Members or Managers pursuant to the terms of this Agreement and Section 63.140 13-5 of the Act.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
Members. To the extent permitted under Sections 63.160, 63.165, 00-00-000 and 63.170 00-00-000 of the Act, no Member shall be personally liable for the obligations of the Company. Members that are not Managers may not take any part in the control, management, direction, or operation of the Company's affairs and have no power to bind the Company pursuant to Sections 63.130 and 63.140 Section 00-00-000 of the Act. The Members may advise the Managers, but Managers are not required to accept such advice. The Managers have the exclusive right to control and manage the Company, except where this Agreement, Agreement or the Act specifically requires the consent, approval, agreement, or other action the Members. In such instance, except where this Agreement, Agreement or the Act specifically requires unanimous consent of the Members or of a specific portion of the Members, an affirmative majority vote shall constitute the consent, approval, agreement or other action of the Members. No Member, in his, her or its capacity as such, shall have authority to act for or bind the Company with respect to any matter not otherwise authorized by the Members or Managers pursuant to the terms of this Agreement and Section 63.140 of the ActAgreement.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
Members. To the extent permitted under Sections 63.160, 63.165, 35-8-304 and 63.170 35-8-306 of the Act, no Member shall be personally liable for the obligations of the Company. Members that are not Managers may not take any part in the control, management, direction, or operation of the Company's affairs and have no power to bind the Company pursuant to Sections 63.130 and 63.140 Section 35-8-301 of the Act. The Members may advise the Managers, but Managers are not required to accept such advice. The Managers have the exclusive right to control and manage the Company, except where this Agreement, Agreement or the Act specifically requires the consent, approval, agreement, or other action the Members. In such instance, except where this Agreement, Agreement or the Act specifically requires unanimous consent of the Members or of a specific portion of the Members, an affirmative majority vote shall constitute the consent, approval, agreement or other action of the Members. No Member, in his, her or its capacity as such, shall have authority to act for or bind the Company with respect to any matter not otherwise authorized by the Members or Managers pursuant to the terms of this Agreement and Section 63.140 of the ActAgreement.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
Members. To the extent permitted under Sections 63.160, 63.165, and 63.170 Section 7.001 of the ActCode and Sections 101.114 and 101.401 of the Law, no Member shall be personally liable for the obligations of the Company. Members that are not Managers may not take any part in the control, management, direction, or operation of the Company's affairs and have no power to bind the Company pursuant to Sections 63.130 101.251, 101.252, and 63.140 101.254 of the ActLaw. The Members may advise the Managers, but Managers are not required to accept such advice. The Managers have the exclusive right to control and manage the Company, except where this Agreement, the Act Law specifically requires the consent, approval, agreement, or other action the Members. In such instance, except where this Agreement, the Act Law specifically requires unanimous consent of the Members or of a specific portion of the Members, an affirmative majority vote shall constitute the consent, approval, agreement or other action of the Members. No Member, in his, her or its capacity as such, shall have authority to act for or bind the Company with respect to any matter not otherwise authorized by the Members or Managers pursuant to the terms of this Agreement and Section 63.140 101.254 of the ActLaw.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
Members. To the extent permitted under Sections 63.160, 63.165, and 63.170 Section 609 of the ActLaw, no Member shall be personally liable for the obligations of the Company. Members that are not Managers may not take any part in the control, management, direction, or operation of the Company's affairs and have no power to bind the Company pursuant to Sections 63.130 408 and 63.140 412 of the ActLaw. The Members may advise the Managers, but Managers are not required to accept such advice. The Managers have the exclusive right to control and manage the Company, except where this Agreement, Agreement or the Act Law specifically requires the consent, approval, agreement, or other action the Members. In such instance, except where this Agreement, Agreement or the Act Law specifically requires unanimous consent of the Members or of a specific portion of the Members, an affirmative majority vote shall constitute the consent, approval, agreement or other action of the Members. No Member, in his, her or its capacity as such, shall have authority to act for or bind the Company with respect to any matter not otherwise authorized by the Members or Managers pursuant to the terms of this Agreement and Section 63.140 of the ActAgreement.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
Members. To the extent permitted under Sections 63.160, 63.165, and 63.170 Section 4-38-304 of the Act, no Member shall be personally liable for the obligations of the Company. Members that are not Managers may not take any part in the control, management, direction, or operation of the Company's affairs and have no power to bind the Company pursuant to Sections 63.130 and 63.140 Section 1 4-38-407 of the Act. The Members may advise the Managers, but Managers are not required to accept such advice. The Managers have the exclusive right to control and manage the Company, except where this Agreement, Agreement or the Act specifically requires the consent, approval, agreement, or other action the Members. In such instance, except where this Agreement, Agreement or the Act specifically requires unanimous consent of the Members or of a specific portion of the Members, an affirmative majority vote shall constitute the consent, approval, agreement or other action of the Members. No Member, in his, her or its capacity as such, shall have authority to act for or bind the Company with respect to any matter not otherwise authorized by the Members or Managers pursuant to the terms of this Agreement and Section 63.140 of the ActAgreement.
Appears in 1 contract
Samples: Operating Agreement
Members. To the extent permitted under Sections 63.160, 63.165, and 63.170 Section 7-80-705 of the Act, no Member shall be personally liable for the obligations of the Company. Members that are not Managers may not take any part in the control, management, direction, or operation of the Company's affairs and have no power to bind the Company pursuant to Sections 63.130 and 63.140 Section 7-80-405 of the Act. The Members may advise the Managers, but Managers are not required to accept such advice. The Managers have the exclusive right to control and manage the Company, except where this Agreement, Agreement or the Act specifically requires the consent, approval, agreement, or other action the Members. In such instance, except where this Agreement, Agreement or the Act specifically requires unanimous consent of the Members or of a specific portion of the Members, an affirmative majority vote shall constitute the consent, approval, agreement or other action of the Members. No Member, in his, her or its capacity as such, shall have authority to act for or bind the Company with respect to any matter not otherwise authorized by the Members or Managers pursuant to the terms of this Agreement and Section 63.140 of the ActAgreement.
Appears in 1 contract
Samples: Operating Agreement
Members. To the extent permitted under Sections 63.160, 63.165, and 63.170 Section 47-34A-303 of the Act, no Member shall be personally liable for the obligations of the Company. Members that are not Managers may not take any part in the control, management, direction, or operation of the Company's affairs and have no power to bind the Company pursuant to Sections 63.130 Section 47-34A-301 and 63.140 47-34A-404.1 of the Act. The Members may advise the Managers, but Managers are not required to accept such advice. The Managers have the exclusive right to control and manage the Company, except where this Agreement, Agreement or the Act specifically requires the consent, approval, agreement, or other action the Members. In such instance, except where this Agreement, Agreement or the Act specifically requires unanimous consent of the Members or of a specific portion of the Members, an affirmative majority vote shall constitute the consent, approval, agreement or other action of the Members. No Member, in his, her or its capacity as such, shall have authority to act for or bind the Company with respect to any matter not otherwise authorized by the Members or Managers pursuant to the terms of this Agreement and Section 63.140 of the ActAgreement.
Appears in 1 contract
Samples: Operating Agreement
Members. To the extent permitted under Sections 63.160, 63.165, and 63.170 Section 3969 of the Act, no Member shall be personally liable for the obligations of the Company. Members that are not Managers may not take any part in the control, management, direction, or operation of the Company's affairs and have no power to bind the Company pursuant to Sections 63.130 and 63.140 Section 3973 of the Act. The Members may advise the Managers, but Managers are not required to accept such advice. The Managers have the exclusive right to control and manage the Company, except where this Agreement, Agreement or the Act specifically requires the consent, approval, agreement, or other action the Members. In such instance, except where this Agreement, Agreement or the Act specifically requires unanimous consent of the Members or of a specific portion of the Members, an affirmative majority vote shall constitute the consent, approval, agreement or other action of the Members. No Member, in his, her or its capacity as such, shall have authority to act for or bind the Company with respect to any matter not otherwise authorized by the Members or Managers pursuant to the terms of this Agreement and Section 63.140 of the ActAgreement.
Appears in 1 contract
Samples: Operating Agreement
Members. To the extent permitted under Sections 63.160, 63.165, and 63.170 Section 322C.0304 of the Act, no Member shall be personally liable for the obligations of the Company. Members that are not Managers may not take any part in the control, management, direction, or operation of the Company's affairs and have no power to bind the Company pursuant to Sections 63.130 322C.0301 and 63.140 322C.0407 of the Act. The Members may advise the Managers, but Managers are not required to accept such advice. The Managers have the exclusive right to control and manage the Company, except where this Agreement, Agreement or the Act specifically requires the consent, approval, agreement, or other action the Members. In such instance, except where this Agreement, Agreement or the Act specifically requires unanimous consent of the Members or of a specific portion of the Members, an affirmative majority vote shall constitute the consent, approval, agreement or other action of the Members. No Member, in his, her or its capacity as such, shall have authority to act for or bind the Company with respect to any matter not otherwise authorized by the Members or Managers pursuant to the terms of this Agreement and Section 63.140 of the ActAgreement.
Appears in 1 contract
Samples: Operating Agreement
Members. To the extent permitted under Sections 63.16015114(B), 63.165, 15115(I) and 63.170 15118 of the Act, no Member shall be personally liable for the obligations of the Company. Members that are not Managers may not take any part in the control, management, direction, or operation of the Company's affairs and have no power to bind the Company pursuant to Sections 63.130 15115(A) and 63.140 15115(H) of the Act. The Members may advise the Managers, but Managers are not required to accept such advice. The Managers have the exclusive right to control and manage the Company, except where this Agreement, Agreement or the Act specifically requires the consent, approval, agreement, or other action the Members. In such instance, except where this Agreement, Agreement or the Act specifically requires unanimous consent of the Members or of a specific portion of the Members, an affirmative majority vote shall constitute the consent, approval, agreement or other action of the Members. No Member, in his, her or its capacity as such, shall have authority to act for or bind the Company with respect to any matter not otherwise authorized by the Members or Managers pursuant to the terms of this Agreement and Section 63.140 of the ActAgreement.
Appears in 1 contract
Samples: Operating Agreement
Members. To the extent permitted under Sections 63.160, 63.165, and 63.170 Section 347.057 of the Act, no Member shall be personally liable for the obligations of the Company. Members that are not Managers may not take any part in the control, management, direction, or operation of the Company's affairs and have no power to bind the Company pursuant to Sections 63.130 347.065 and 63.140 347.079 of the Act. The Members may advise the Managers, but Managers are not required to accept such advice. The Managers have the exclusive right to control and manage the Company, except where this Agreement, Agreement or the Act specifically requires the consent, approval, agreement, or other action the Members. In such instance, except where this Agreement, Agreement or the Act specifically requires unanimous consent of the Members or of a specific portion of the Members, an affirmative majority vote shall constitute the consent, approval, agreement or other action of the Members. No Member, in his, her or its capacity as such, shall have authority to act for or bind the Company with respect to any matter not otherwise authorized by the Members or Managers pursuant to the terms of this Agreement and Section 63.140 of the ActAgreement.
Appears in 1 contract
Samples: Operating Agreement
Members. To the extent permitted under Sections 63.160, 63.165, and 63.170 Section 48-3a-304 of the Act, no Member shall be personally liable for the obligations of the Company. Members that are not Managers may not take any part in the control, management, direction, or operation of the Company's affairs and have no power to bind the Company pursuant to Sections 63.130 and 63.140 Section 48-3a-301 of the Act. The Members may advise the Managers, but Managers are not required to accept such advice. The Managers have the exclusive right to control and manage the Company, except where this Agreement, Agreement or the Act specifically requires the consent, approval, agreement, agreement or other action the Members. In such instance, except where this Agreement, Agreement or the Act specifically requires unanimous consent the consent, approval, agreement of other action of all of the Members or of a specific portion of the Members, an affirmative majority vote a Majority Consent shall constitute the consent, approval, agreement or other action of the Members. No Member, in his, her or its capacity as such, shall have authority to act for or bind the Company with respect to any matter not otherwise authorized by the Members or Managers pursuant to the terms of this Agreement and Section 63.140 of the ActAgreement.
Appears in 1 contract
Members. To the extent permitted under Sections 63.160, 63.165, and 63.170 Section 10-32.1-26 of the Act, no Member shall be personally liable for the obligations of the Company. Members that are not Managers may not take any part in the control, management, direction, or operation of the Company's affairs and have no power to bind the Company pursuant to Sections 63.130 and 63.140 Section 10-32.1-39 of the Act. The Members may advise the Managers, but Managers are not required to accept such advice. The Managers have the exclusive right to control and manage the Company, except where this Agreement, Agreement or the Act specifically requires the consent, approval, agreement, or other action the Members. In such instance, except where this Agreement, Agreement or the Act specifically requires unanimous consent of the Members or of a specific portion of the Members, an affirmative majority vote shall constitute the consent, approval, agreement or other action of the Members. No Member, in his, her or its capacity as such, shall have authority to act for or bind the Company with respect to any matter not otherwise authorized by the Members or Managers pursuant to the terms of this Agreement and Section 63.140 of the ActAgreement.
Appears in 1 contract
Samples: Operating Agreement
Members. To the extent permitted under Sections 63.160, 63.165, and 63.170 Section 4A-301 of the Act, no Member shall be personally liable for the obligations of the Company. Members that are not Managers may not take any part in the control, management, direction, or operation of the Company's affairs and have no power to bind the Company pursuant to Sections 63.130 and 63.140 Section 4A-401(a)(3) of the Act. The Members may advise the Managers, but Managers are not required to accept such advice. The Managers have the exclusive right to control and manage the Company, except where this Agreement, Agreement or the Act specifically requires the consent, approval, agreement, or other action the Members. In such instance, except where this Agreement, Agreement or the Act specifically requires unanimous consent of the Members or of a specific portion of the Members, an affirmative majority vote shall constitute the consent, approval, agreement or other action of the Members. No Member, in his, her or its capacity as such, shall have authority to act for or bind the Company with respect to any matter not otherwise authorized by the Members or Managers pursuant to the terms of this Agreement and Section 63.140 of the ActAgreement.
Appears in 1 contract
Samples: Operating Agreement
Members. To the extent permitted under Sections 63.160, 63.165, and 63.170 Section 57D-3-30 of the Act, no Member shall be personally liable for the obligations of the Company. Members that are not Managers may not take any part in the control, management, direction, or operation of the Company's affairs and have no power to bind the Company pursuant to Sections 63.130 and 63.140 Section 57D-3-20 of the Act. The Members may advise the Managers, but Managers are not required to accept such advice. The Managers have the exclusive right to control and manage the Company, except where this Agreement, Agreement or the Act specifically requires the consent, approval, agreement, or other action the Members. In such instance, except where this Agreement, Agreement or the Act specifically requires unanimous consent of the Members or of a specific portion of the Members, an affirmative majority vote shall constitute the consent, approval, agreement or other action of the Members. No Member, in his, her or its capacity as such, shall have authority to act for or bind the Company with respect to any matter not otherwise authorized by the Members or Managers pursuant to the terms of this Agreement and Section 63.140 of the ActAgreement.
Appears in 1 contract
Samples: Operating Agreement
Members. To the extent permitted under Sections 63.160, 63.165, and 63.170 Section 4042 of the ActStatutes, no Member shall be personally liable for the obligations of the Company. Members that are not Managers may not take any part in the control, management, direction, or operation of the Company's affairs and have no power to bind the Company pursuant to Sections 63.130 and 63.140 Section 4054 of the ActStatutes. The Members may advise the Managers, but Managers are not required to accept such advice. The Managers have the exclusive right to control and manage the Company, except where this Agreement, Agreement or the Act Statutes specifically requires the consent, approval, agreement, or other action the Members. In such instance, except where this Agreement, Agreement or the Act Statutes specifically requires unanimous consent of the Members or of a specific portion of the Members, an affirmative majority vote shall constitute the consent, approval, agreement or other action of the Members. No Member, in his, her or its capacity as such, shall have authority to act for or bind the Company with respect to any matter not otherwise authorized by the Members or Managers pursuant to the terms of this Agreement and Section 63.140 of the ActAgreement.
Appears in 1 contract
Samples: Operating Agreement
Members. To the extent permitted under Sections 63.160, 63.165, and 63.170 Section 7-16-23 of the Act, no Member shall be personally liable for the obligations of the Company. Members that are not Managers may not take any part in the control, management, direction, or operation of the Company's affairs and have no power to bind the Company pursuant to Sections 63.130 and 63.140 Section 7-16-14 of the Act. The Members may advise the Managers, but Managers are not required to accept such advice. The Managers have the exclusive right to control and manage the Company, except where this Agreement, Agreement or the Act specifically requires the consent, approval, agreement, or other action the Members. In such instance, except where this Agreement, Agreement or the Act specifically requires unanimous consent of the Members or of a specific portion of the Members, an affirmative majority vote shall constitute the consent, approval, agreement or other action of the Members. No Member, in his, her or its capacity as such, shall have authority to act for or bind the Company with respect to any matter not otherwise authorized by the Members or Managers pursuant to the terms of this Agreement and Section 63.140 of the ActAgreement.
Appears in 1 contract
Samples: Operating Agreement