Code of Alabama - Title 10A: Alabama Business and Nonprofit Entities Code - Section 10A-5A-3.02 - Power to bind limited liability company

Section 10A-5A-3.02 - Power 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, p. 265, §1.)

Last modified: May 3, 2021