No agency power of member as member.

  1. Law
  2. Iowa Code
  3. BUSINESS ENTITIES
  4. REVISED UNIFORM LIMITED LIABILITY COMPANY ACT
  5. No agency power of member as member.

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489.301 No agency power of member as member.

1. A member is not an agent of a limited liability company solely by reason of being a member.

2. A person’s status as a member does not prevent or restrict law other than this chapter from imposing liability on a limited liability company because of the person’s conduct.

2008 Acts, ch 1162, §27, 155


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