§ 403. Meetings of members. Except as provided in the operating
agreement, a limited liability company shall hold meetings of members
annually. Meetings of members may be held at a place, either within or
outside this state, as may be fixed by or in accordance with the
operating agreement, or if not so fixed, at the office of the limited
liability company. Except as provided in the operating agreement,
members of a limited liability company may participate in a meeting by
means of conference telephone or similar communications equipment by
means of which all persons participating in the meeting can hear each
other. Such participation shall constitute presence in person at the
meeting.