Common use of Composition of the Board of Managers Clause in Contracts

Composition of the Board of Managers. The Board of Managers shall initially consist of one (1) Manager. The initial Manager shall be Codelaw, LLC and/or its appointee(s). The number of Managers may be expanded or reduced from time to time by vote of Members holding at least two-thirds of the issued and outstanding Units, and any new Manager position so

Appears in 2 contracts

Sources: Limited Liability Company Agreement, Limited Liability Company Agreement