Removal or replacement of managers
Source:
Section 414 — Removal or replacement of managers, https://www.nysenate.gov/legislation/laws/LLC/414 (updated Sep. 22, 2014; accessed Jan. 24, 2026).
401
Management of the limited liability company by members 402
Voting rights of members 403
Meetings of members 404
Quorum of members 405
Notice of meetings of members 406
Waiver of notice 407
Action by members without a meeting 408
Management by managers 409
Duties of managers 410
Qualification of managers 411
Interested managers 412
Agency of members or managers 413
Election and term of managers 414
Removal or replacement of managers 415
Resignation of managers 416
Vacancies 417
Operating agreement 418
Classes and voting of members 419
Classes and voting of managers 420
Indemnification
Management of the limited liability company by members 402
Voting rights of members 403
Meetings of members 404
Quorum of members 405
Notice of meetings of members 406
Waiver of notice 407
Action by members without a meeting 408
Management by managers 409
Duties of managers 410
Qualification of managers 411
Interested managers 412
Agency of members or managers 413
Election and term of managers 414
Removal or replacement of managers 415
Resignation of managers 416
Vacancies 417
Operating agreement 418
Classes and voting of members 419
Classes and voting of managers 420
Indemnification
