Alabama Code (Last Updated: November 28, 2014) |
Title10A ALABAMA BUSINESS AND NONPROFIT ENTITIES CODE. |
Chapter5A. LIMITED LIABILITY COMPANIES. |
Article3. Relations of Members to Persons Dealing with Limited Liability Company. |
§10A-5A-3.02. Power to bind limited liability company.
Latest version.
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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.