Section 10A-5A-3.02


Published: 2015

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Section 10A-5A-3.02

Section 10A-5A-3.02Power to bind limited liability company.

No person shall have the power to bind the limited liability company, or a series thereof, except:



(a) to the extent the person is authorized to act as the agent of the limited liability company or a series thereof under or pursuant to the limited liability company agreement;



(b) to the extent the person is authorized to act as the agent of the limited liability company or a series thereof pursuant to Sections 10A-5A-4.07, 10A-5A-7.03 or 10A-5A-11.11; or



(c) to the extent provided by law other than this chapter.

(Act 2014-144, §1.)