Unless otherwise provided in an operating agreement of the company, if a person is a member of a limited liability company that is managed by a manager and if the person is not a manager, the person does not have the fiduciary duty of a manager to the company or to the other members of the company when the person acts solely in the capacity of a member.
Section: Previous 10.50.110 10.50.115 10.50.120 10.50.125 10.50.130 10.50.135 10.50.140 10.50.145 10.50.148 10.50.150 NextLast modified: November 15, 2016