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A member-managed LLC has three equal members and no operating-agreement provision on voting. Two members approve replacing a routine supplier. One member objects.
Which statement best describes the default management rule?

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In a member-managed LLC, no member may participate in management unless appointed by a court. In a member-managed LLC, each member has equal rights in management, and ordinary-course matters generally may be decided by a majority of members, while acts outside the ordinary course generally require all members. In a member-managed LLC, the newest member alone controls all ordinary-course matters. In a member-managed LLC, ordinary-course matters require unanimous consent but extraordinary matters require only one member.

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