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New Jersey Statutes, Title: 42, PARTNERSHIPS AND PARTNERSHIP ASSOCIATIONS
Chapter 2c: Revised Uniform Limited Liability Company Act
Section: 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.
This section added to the Rutgers Database: 2012-12-05 12:09:10.
Older versions of 42:2c-27 (if available):
Court decisions that cite this statute:
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