§ 2-932. Board of Directors as manager; manager as manager.
This section is included in your selections.
A. Any subsidiary LLC in which a wholly owned Osage Nation LLC is the sole member shall be managed by a Board of Directors or by a manager.
B. The number, terms and method for selecting and removing Directors of any subsidiary LLC in which an Osage Nation-owned LLC is the sole member shall be specified in the subsidiary LLC’s articles of organization.
C. The duties and qualifications for selecting and removing a manager of any subsidiary LLC in which an Osage Nation-owned LLC is the sole member shall be specified in the subsidiary LLC’s articles of organization. ONCA 08-02, eff. June 13, 2008; ONCA 18-53, eff. Sept. 21, 2018.