There is a newer version of the Iowa Code
2011 Iowa Code
TITLE XII BUSINESS ENTITIES
SUBTITLE 2 BUSINESS AND PROFESSIONAL CORPORATIONS AND COMPANIES
CHAPTER 489 REVISED UNIFORM LIMITED LIABILITY COMPANY ACT
489.301 No agency power of member as member.
IA Code § 489.301 What's This?
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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