(a) The initial protectors may be appointed by: (1) The organizers; or (2) The founder. (b) After the appointment of the initial protectors, any additional or successor protector shall be appointed: (1) In accordance with the provisions of the governing documents governing the appointment of protectors; or (2) If the governing documents do not contain any provision for the appointment of protectors, by: (A) The protectors; or (B) The court. (c) Unless the certificate of formation or bylaws provide otherwise, the duration of a protector's term shall be indefinite and shall terminate only upon: (1) The protector's resignation or removal; (2) In the case of protector who is an individual, the protector's incapacity or death; or (3) In the case of a protector that is an entity, the protector's dissolution.
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