Rights and Duties of Members. The Company is a “manager-managed” limited liability company under the Nevada LLC Act which shall be managed by a Board of Managers (the “Board”, also referred to in this Agreement as, the “Manager”). Except as may hereafter be required or permitted by the Nevada LLC Act or as specifically provided herein, the Member shall in such capacity take no part whatever in the control, management, direction or operation of the affairs of the Company and shall have no power to act for or bind the Company.
Appears in 4 contracts
Samples: Operating Agreement (Csac Acquisition Inc.), Operating Agreement (Csac Acquisition Inc.), Operating Agreement (Csac Acquisition Inc.)
