Illinois Statutes
§ 13-5 — No agency power of a member as member
Illinois·Topic BUSINESS AND EMPLOYMENT·Ch. 805 BUSINESS ORGANIZATIONS·Act 805 ILCS 180/ Limited Liability Company Act.·Art. Article 13 - Relations Of Members And Managers To Persons Dealing With Limited Liability Company
(a)A member is not an agent of a limited liability company solely by reason of being a member.
(b)Nothing herein shall be deemed to limit the effect of law other than this Act, including the law of agency.
(c)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.
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Legislative History
(Source: P.A. 99-637, eff. 7-1-17 .)
Nearby Sections
15
§ 13
§ 13§ 13-10
§ 13-10§ 13-15
Statement of authority§ 13-20
Statement of denial§ 13.15
Application for authority§ 13.20
Effect of authority§ 13.30
§ 13.30§ 13.35
§ 13.35§ 13.40
Amended authority§ 13.5
Notice of violation