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2017 New Jersey Revised Statutes
TITLE 42 - PARTNERSHIPS AND PARTNERSHIP ASSOCIATIONS
Section 42:2C-27 - No agency power of member as member.
Universal Citation: NJ Rev Stat § 42:2C-27 (2017)
42:2C-27 No agency power of member as member.
27. No Agency Power of Member as Member.
a. A member is not an agent of a limited liability company solely by reason of being a member.
b. A person's status as a member does not prevent or restrict law other than this act from imposing liability on a limited liability company because of the person's conduct.
L.2012, c.50, s.27.
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