GroundRules
← Search the law
New York · Through 2026-09-11

N.Y. Limited Liability Company Law § 416: Vacancies

Read at publisher ↗
Where this section sits in the code
  1. Limited Liability Company Law
  2. Article 4. Management By Members or Managers

§ 416. Vacancies. (a) Except as provided in the operating agreement,

if management of the limited liability company is vested in a group of

managers, any vacancies occurring in such group may be filled by the

vote of a majority in interest of the members entitled to vote thereon.

(b) Except as provided in the operating agreement, a manager chosen to

fill a vacancy shall serve the unexpired term of his or her predecessor.

(c) Except as provided in the operating agreement, any manager's

position filled by reason of an increase in the number of managers shall

be filled by the vote of a majority in interest of the members entitled

to vote thereon.

(d) Except as provided in the operating agreement, a manager chosen to

fill a position resulting from an increase in the number of managers

shall hold office until the next annual meeting of members or until a

successor has been elected and qualified.

Collected 2026-09-14T19:32:45Z. Source file · JSON

Browse this collection