RCW 25.15.151: Member-managed limited liability companies.

RCWs > Title 25 > Chapter 25.15 > Section 25.15.151

These documents are currently being revised to incorporate the changes made during the 2024 Legislative Session. Please consult the Sections Affected Table for changes made during the 2024 Legislative Session.

25.15.141 << 25.15.151 >> 25.15.154

PDFRCW 25.15.151

Member-managed limited liability companies.

(1) If the limited liability company is member-managed:

(a) Management of the activities of the limited liability company is vested in the members; and

(b) A difference arising as to a matter in the ordinary course of the activities of the limited liability company may be decided by the vote, approval, or consent of a majority of the members, except as otherwise provided in RCW 25.15.121 or otherwise in this chapter.

(2) If the limited liability company is member-managed, each member is an agent of the limited liability company and has the authority to bind the limited liability company with regard to matters in the ordinary course of its activities.

[ 2015 c 188 § 31.]