Ala. Code § 10A-5A-3.02

Current with legislation from 2024 effective through May 17, 2024.

Section 10A-5A-3.02 - [Effective 8/1/2024] 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 in accordance with 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.

Ala. Code § 10A-5A-3.02 (1975)

Amended by Act 2024-413,§ 1, eff. 8/1/2024.

Added by Act 2014-144,§ 1, eff. 1/1/2015.

This section is set out more than once due to postponed, multiple, or conflicting amendments.