N.Y. Limited Liability Company Law Section 415
Resignation of managers

Except as provided in the operating agreement, a manager may resign at any time by giving written notice to the limited liability company; provided, however, that if the resignation violates any provision contained in the operating agreement or the provision of any contractual agreement between the manager and the limited liability company, the limited liability company may recover from such manager damages for such breach as provided by such operating agreement or contract or by law. The election of a manager shall not of itself create contract rights.

Source: Section 415 — Resignation of managers, https://www.­nysenate.­gov/legislation/laws/LLC/415 (updated Sep. 22, 2014; accessed Jun. 15, 2024).

Jun. 15, 2024

Last modified:
Sep. 22, 2014

§ 415’s source at nysenate​.gov

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