1In a manager-managed limited liability company, the following rules apply:11(1) 12A manager may be chosen at any time by the consent of the member or members holding more than 50 percent of the then-current percentage or other interest in the profits of the limited liability company owned by all of its members.
54(2) 55A person need not be a member to be a manager.
66(3) 67A person chosen as a manager continues as a manager until a successor is chosen, unless the manager at an earlier time resigns, is removed, or dies or, in the case of a manager that is not an individual, terminates.
107(4) 108A manager may be removed at any time without notice or cause by the consent of the member or members holding more than 50 percent of the then-current percentage or other interest in the profits of the limited liability company owned by all of its members.
154(5) 155The dissociation of a member who is also a manager removes the person as a manager.
171(6) 172If a person who is both a manager and a member ceases to be a manager, that cessation does not, by itself, dissociate the person as a member.
200(7) 201A person’s ceasing to be a manager does not discharge a debt, obligation, or other liability to the limited liability company or members which the person incurred while a manager.
