§ 403. Meetings of members. Except as provided in the operating\nagreement, a limited liability company shall hold meetings of members\nannually. Meetings of members may be held at a place, either within or\noutside this state, as may be fixed by or in accordance with the\noperating agreement, or if not so fixed, at the office of the limited\nliability company. Except as provided in the operating agreement,\nmembers of a limited liability company may participate in a meeting by\nmeans of conference telephone or similar communications equipment by\nmeans of which all persons participating in the meeting can hear each\nother. Such participation shall constitute presence in person at the\nmeeting.\n
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