Statute · New York Limited Liability Company Law
N.Y. Ltd. Liab. Co. Law § 415 — Resignation of managers
N.Y. Ltd. Liab. Co. Law § 415
- Type
- Statute
- Source
- New York Limited Liability Company Law
- Jurisdiction
- New York
- Current through
- Nov 4, 2026 (NY Senate Open Legislation)
§ 415. Resignation of managers. Except as provided in the operating agreement, a manager may resign at any time by giving written notice to the limited liability company; provided, however, that if the resignation violates any provision contained in the operating agreement or the provision of…
Citator
N.Y. Ltd. Liab. Co. Law § 415 — Resignation of managers is in force in the current edition of the Code, and nothing recorded condemns it.
§ 415. Resignation of managers. Except as provided in the operating agreement, a manager may resign at any time by giving written notice to the limited liability company; provided, however, that if the resignation violates any provision contained in the operating agreement or the provision of any contractual agreement between the manager and the limited liability company, the limited liability company may recover from such manager damages for such breach as provided by such operating agreement or contract or by law. The election of a manager shall not of itself create contract rights.