2020 Code of Alabama
Title 10A - Alabama Business and Nonprofit Entities Code.
Chapter 5A - Limited Liability Companies.
Article 3 - Relations of Members to Persons Dealing With Limited Liability Company.
Section 10A-5A-3.02 - Power to Bind Limited Liability Company.

Universal Citation: AL Code § 10A-5A-3.02 (2020)

Section 10A-5A-3.02

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 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.

(Act 2014-144, p. 265, §1.)

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