Section 10A-5A-3.01 – Liability of Members to Third Parties.

Section 10A-5A-3.01 Liability of members to third parties. A member of a limited liability company is not liable, solely by reason of being a member, for a debt, obligation, or liability of the limited liability company or a series thereof, whether arising in contract, tort, or otherwise or for the acts or omissions of any […]

Section 10A-5A-3.02 – Power to Bind Limited Liability Company.

Section 10A-5A-3.02 Power to bind limited liability company. No person shall have the power to bind the limited liability company, or a series thereof, except: (a) to the extent the person is authorized to act as the agent of the limited liability company or a series thereof under or pursuant to the limited liability company […]