New Jersey Revised Statutes § 42:2c-27 - No Agency Power Of Member As Member.

42:2C-27 No agency power of member as member.

27.No Agency Power of Member as Member.

a.A member is not an agent of a limited liability company solely by reason of being a member.

b.A person's status as a member does not prevent or restrict law other than this act from imposing liability on a limited liability company because of the person's conduct.

L.2012, c.50, s.27.


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Last modified: October 11, 2016