Section 27Part 7 — Conversion and Continuation
Managers
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A person, with their agreement, may be named or designated as a manager of the limited liability company in the manner provided in the LLC agreement.
The manager of a limit ed liability company shall have the rights, powers and responsibilities afforded to, and whether the manager is a party to the LLC agreement or not a party to the LLC agreement, be subject to the obligations of, such manager specified in, or pursuant to, t he LLC agreement.
Subject to section 32 , a manager shall cease to be a manager in the manner provided in a LLC agreement, whether the manager is a party to the LLC agreement or not a party to the LLC agreement.
A limited liability company may have more than one manager and any difference among two or more managers arising as to matters connected with the busin ess or affairs of the limited liability company shall be decided by the manager or managers (or majority thereof) as is provided in the LLC agreement.
A manager of a limited liability company may, if permitted by the LLC agreement, also be a member.
A person who is both a manager and a member of a limited liability company has the rights and powers, and is subject to the restrictions and liabilities, of a manager and, except as provided in the LLC agreement, also has the rights and powers, and is su bject to the restrictions and liabilities, of a member to the extent of the manager’s participation in the limited liability company as a member.