POWERS OF MANAGERS. The Board of Managers shall have the broadest powers to carry out any act of administration, management or disposal concerning the Company, whatever the nature or size of the operation, provided that it falls within the object and purposes of the Company, and is not expressly reserved by the Delaware Act or this Agreement to the Sole Member or to the general meeting of the Members. For the avoidance of doubt, it is expressly stipulated that all decisions relating to any transfers of the Company’s assets, even when these assets represent all of the Company’s assets, shall be taken by resolution of the Board of Managers. Any person dealing with the Company may rely absolutely upon the act, deed and/or signature of the Managers as being the act of the Company, and no person shall be obliged to inquire into or otherwise ascertain whether the act of the Managers have been duly authorized.
Appears in 7 contracts
Samples: Limited Liability Company Agreement (McGraw-Hill Global Education LLC), Limited Liability Company Agreement (McGraw-Hill Global Education LLC), Limited Liability Company Agreement (McGraw-Hill Global Education LLC)
