Texas Business Organizations Code - Section 101.254. Designation Of Agents; Binding Acts
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§ 101.254. DESIGNATION OF AGENTS; BINDING ACTS. (a)
Except as provided by this title and Title 1, each governing person
of a limited liability company and each officer or agent of a
limited liability company vested with actual or apparent authority
by the governing authority of the company is an agent of the company
for purposes of carrying out the company's business.
(b) An act committed by an agent of a limited liability
company described by Subsection (a) for the purpose of apparently
carrying out the ordinary course of business of the company,
including the execution of an instrument, document, mortgage, or
conveyance in the name of the company, binds the company unless:
(1) the agent does not have actual authority to act for
the company; and
(2) the person with whom the agent is dealing has
knowledge of the agent's lack of actual authority.
(c) An act committed by an agent of a limited liability
company described by Subsection (a) that is not apparently for
carrying out the ordinary course of business of the company binds
the company only if the act is authorized in accordance with this
title.
Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006.
Section: 101.204 101.205 101.206 101.207 101.251 101.252 101.253 101.254 101.255 101.301 101.302 101.303 101.304 101.305 101.306
Last modified: August 11, 2007
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