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the Florida Statutes
1997 Florida Code
TITLE XXXVI BUSINESS ORGANIZATIONS
Chapter 608 Limited Liability Companies
608.424 Contracting debts.
608.424 Contracting debts.--Except as otherwise provided in this chapter, the articles of organization, or the regulations, no debt shall be contracted nor contractual liability incurred by or on behalf of a limited liability company, except by:
(1) One or more of its managers, if management of the limited liability company has been vested by the members in a manager or managers; or
(2) Any member, if management of the limited liability company is retained by the members.
History.--s. 2, ch. 82-177; s. 27, ch. 93-284.
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