Unless the operating agreement provides otherwise,a member of a "member-managed" limited liability company has the power to withdraw from the limited liability company,but a member of a "manager-managed" limited liability company does not.

Question

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In a "member-managed" LLC, members typically have the right to withdraw unless restricted by the operating agreement. In a "manager-managed" LLC, members may also have the right to withdraw, but this depends on the terms set in the operating agreement. The distinction is not solely based on the management structure.

Unless the Operating Agreement Provides Otherwise,a Member of a "Member-Managed