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2018 Iowa Code
Title XII - BUSINESS ENTITIES
Chapter 489 - REVISED UNIFORM LIMITED LIABILITY COMPANY ACT
Section 489.301 - No agency power of member as member.
Universal Citation: IA Code § 489.301 (2018)
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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