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§ 23-18-4-11 — Indiana Law | CourtGPT
  1. Home/
  2. Laws/
  3. Indiana/
  4. Title 23 - Business and Other Associations/
  5. Article 18 - Limited Liability Companies/
  6. Chapter 4 - Rights and Duties of Members and Managers23-18-4-1. Authority of Members or Managers/
  7. § 23-18-4-11
Indiana Legal Code

§ 23-18-4-11

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(b) A written operating agreement may provide that a manager does not have the right to resign as a manager of a limited liability company. Notwithstanding any provision in an operating agreement to the contrary, a manager may resign as a manager of a limited liability company at any time by giving written notice to the members and other managers. If the resignation of a manager violates the operating agreement, in addition to any remedies otherwise available under applicable law, a limited liability company may recover from the resigning manager damages for breach of the operating agreement and offset the damages against the amount payable to the resigning manager.As added by P.L.8-1993, SEC.301.