Section 1705.24 | [Repealed Effective 2/11/2022 - See R.C. 1706.83] Vesting of management authority.
Unless otherwise provided in writing in the operating agreement, the management of a limited liability company shall be vested in its members in proportion to their contributions to the capital of the company, as adjusted from time to time to properly reflect any additional contributions or withdrawals by the members.
Last updated August 30, 2021 at 12:15 PM
Available Versions of this Section
- July 1, 1994 – Amended by Senate Bill 74, 120th General Assembly [ View July 1, 1994 Version ]