N.Y. Limited Liability Company Law § 413: Election and term of managers

§ 413. Election and term of managers. (a) Except as provided in the

operating agreement, if the articles of organization provides that

management shall be vested in one or more managers, the members shall

vote in accordance with section four hundred two of this article to

designate or elect annually the manager or managers of the limited

liability company.

(b) Each manager shall hold the office and have the terms (which may

be unlimited) and responsibilities accorded to him or her by the members

and set out in the operating agreement until his or her successor has

been elected and qualified or until his or her earlier resignation or

removal.

(c) Except as provided in the operating agreement, the initial

managers shall hold office until the first annual meeting of members and

until their successors have been elected and qualified.

(d) The number of managers may be increased or decreased by amendment

to and in the manner provided in the operating agreement.