(1) A limited liability company shall appoint, by its articles of incorporation, a manager from among its members or non-members.
(2) Where one or at least two managers have been appointed, each manager shall have the rights and obligations to perform the business affairs of the limited liability company. In such cases, the provisions of Article 201 (2) shall apply mutatis mutandis.
(3) Where at least managers have been appointed as co-managers by the articles of incorporation, no action concerning performance of business affairs shall be done without the consent of all such managers.[This Article Newly Inserted by Act No. 10600, Apr. 14, 2011]