Guam § 15115 - (C). Management Vested in Manager Pursuant to

§ 15115. (C). Management Vested in Manager Pursuant to

Articles of Organization; Election; Removal; Resignation.

If management of the limited liability company is vested in

one or more managers pursuant to a statement in the articles of

organization:

(a) Election of managers to fill initial positions or

vacancies shall be by the affirmative vote of a majority in

interest of the members.

(b) Any or all managers may be removed, with or

without cause, by the vote of a majority in interest of the

members at a meeting called expressly for that purpose.

Any removal shall be without prejudice to the rights, if any,

of the manager under any contract of employment.

(c) Any manager may resign as a manager at any time

upon written notice to the limited liability company, without

prejudice to the rights, if any, of the limited liability com-

pany under any contract to which the manager is a party.

(d) Unless they have earlier resigned or been removed,

managers shall hold office until the expiration of the term

for which they were elected or, if no term was provided,

until their successors have been elected and qualified.