Current through Chapter 381 of the 2024 Legislative Session
Section 304-C:65 - Members' Voting PowerI. Voting by members may be on a per capita, number, profits, financial interest, class, group, or any other basis.II. Unless the operating agreement provides otherwise, the number of votes that each member shall be entitled to cast on each matter on which the members may vote shall be proportionate to the member's share of contributions of cash, property, and services to the limited liability company in connection with its formation.Entire chapter added by 2012, 232:2, eff. 1/1/2013. 2012, 232:2, eff. Jan. 1, 2013.