490A.1514 - MANAGEMENT.
490A.1514 MANAGEMENT. All managers of a professional limited liability company shall at all times be individuals who are licensed to practice a profession in this state which the limited liability company is authorized to practice. A person who is not licensed shall have no authority or duties in the management or control of the limited liability company. If a manager ceases to have this qualification, the manager shall immediately and automatically cease to hold such management position.
Section History: Recent Form 92 Acts, ch 1151, § 98