No Agency Power Of Member As Member.

  1. Law
  2. Minnesota Statutes
  3. Business, Social, And Charitable Organizations
  4. Minnesota Revised Uniform Limited Liability Company
  5. No Agency Power Of Member As Member.

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Subdivision 1. No automatic agency. A member is not an agent of a limited liability company solely by reason of being a member.

Subd. 2. Other law not affected. 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.

History:

2014 c 157 art 1 s 26


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