N.J.S.A. 42:2C-27

No agency power of member as member.

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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This is the verbatim text of N.J.S.A. 42:2C-27, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.

N.J.S.A. 42:2C-27 — No agency power of member as member. | Kyzer