Delaware llc member vote required
Under (c) “A limited liability company agreement may set forth provisions relating to notice of the time, place or purpose of any meeting …, waiver of any such notice, action by consent without a meeting, the establishment of a record date, quorum requirements, voting in person or by proxy, or any other matter with respect to the exercise of any such right to vote. The assignee of a member ’s limited liability company interest shall have no right to participate in the management of the business and affairs of a limited liability company except as provided in a limited liability company agreement or, unless otherwise provided in the limited liability company agreement, upon the vote or consent of all of the members of the limited liability company. The default rule is that unless you otherwise provide in your LLC company agreement, the management of the company is vested in its members , like the case of a general partnership, and the members vote upon management decisions...