Guam § 15115 - (B). Management by Non-members.
Full text of Guam Guam Code Annotated § 15115 — (B). Management by Non-members., with citation guidance and answers to common questions.
§ 15115. (B). Management by Non-members.
(a) The articles of organization may provide that the
business and affairs of the limited liability company shall be
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managed by or under the authority of one or more managers who
may, but need not, be members.
(b) If the limited liability company is to be managed by one
or more managers and not by all its members, the articles of
organization shall contain a statement to that effect. But if
management is vested in only one manager, the articles of
organization shall so state.
(c) The articles of organization or operating agreement may
prescribe the number and qualifications of managers who may,
but need not, be natural persons.
Frequently Asked Questions About Guam § 15115
What does Guam Code Annotated § 15115 cover?
Section 15115 ("(B). Management by Non-members.") is part of the Guam Code Annotated, the codified statutory law of Guam. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Guam § 15115?
A common citation format is "Guam Code Annotated § 15115" (Guam). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Guam law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Guam official source linked on this page or consult a licensed Guam attorney.
How does Guam § 15115 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Guam can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Guam.