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2018 Alaska Statutes
Title 10. Corporations and Associations
Chapter 50. Alaska Revised Limited Liability Company Act
Article 7. Relationship to Third Parties.
Sec. 10.50.255. Admissions and representations by members and managers.
Universal Citation: AK Stat § 10.50.255 (2018)
(a) Except as provided in (b) of this section, an admission or representation made by a member of a limited liability company about the affairs of the company is evidence against the company if the admission or representation is within the scope of the member's authority under this chapter.
(b) If a limited liability company is managed by a manager, an admission or representation made by a
(1) manager about the affairs of the company is evidence against the company if the admission or representation is within the scope of the manager's authority under this chapter; and
(2) member, acting solely in the capacity of a member, is not evidence against the company.
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