No Exclusive Duty to the Company. Notwithstanding any provision at law or in equity, no Manager or Officer shall be required to manage the Company as its sole and exclusive function. Notwithstanding any provision at law or in equity, a Manager or Officer may have other business interests and may engage in other activities in addition to those relating to the Company. Neither the Company nor any Member shall have any right, by virtue of this Agreement, to share or participate in other investments or activities of any Manager or Officer or to the income or proceeds derived therefrom.
Appears in 6 contracts
Samples: Limited Liability Company Agreement (RedCo Group, Inc.), Limited Liability Company Agreement (RedCo Group, Inc.), Limited Liability Company Agreement (RedCo Group, Inc.)
No Exclusive Duty to the Company. Notwithstanding any provision at law or in equity, no The Manager or Officer shall not be required to manage the Company as its its, his or her sole and exclusive function. Notwithstanding any provision at law or in equity, a Manager or Officer function and it may have other business interests and may engage in other activities in addition to those relating to the Company. Neither the Company nor any Member shall have any right, by virtue of this Agreement, to share or participate in such other investments or activities of any the Manager or Officer or to the income or proceeds derived therefrom.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Grant Park Futures Fund Limited Partnership)
