48-2c-502 - General rules for operating agreements.
48-2c-502. General rules for operating agreements.
(1) Except as provided in Subsection 48-2c-120(1), or in the articles of organization, anoperating agreement may modify the rules of any provision of this chapter that relates to:
(a) the management of the company;
(b) the business or purpose of the company;
(c) the conduct of the company's affairs; or
(d) the rights, duties, powers, and qualifications of, and relations between and among, themembers, the managers, the members' assignees and transferees, and the company.
(2) Where the provisions of an operating agreement conflict with the provisions of thischapter, the provisions of this chapter shall control. Where the provisions of an operatingagreement conflict with the articles of organization, the articles of organization shall controlexcept to the extent the articles of organization conflict with the provisions of this chapter.
Enacted by Chapter 260, 2001 General Session