Montana § 35-8-811 Dissociated Member's Power To Bind Limited Liability Company

Montana Statutes

§ 35-8-811 — Dissociated Member's Power To Bind Limited Liability Company

Montana·Title 35 CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS·Ch. 8 MONTANA LIMITED LIABILITY COMPANY ACT·Part 8 Admission and Withdrawal of Members

35-8-811 . Dissociated member's power to bind limited liability company. For 2 years after a member dissociates without the dissociation resulting in a dissolution and winding up of a limited liability company's business, the company, including a surviving company under part 12 of this chapter, is bound by an act of the dissociated member that would have bound the company under 35-8-301 before dissociation only if at the time of entering into the transaction the other party:

(1)reasonably believed that the dissociated member was then a member;

(2)did not have notice of the member's dissociation; and

(3)is not considered to have had notice under 35-8-812 .

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35-8-811 . Dissociated member's power to bind limited liability company. For 2 years after a member dissociates without the dissociation resulting in a dissolution and winding up of a limited liability company's business, the company, including a surviving company under part 12 of this chapter, is bound by an act of the dissociated member that would have bound the company under 35-8-301 before dissociation only if at the time of entering into the transaction the other party:
(1) reasonably believed that the dissociated member was then a member;
(2) did not have notice of the member's dissociation; and
(3) is not considered to have had notice under 35-8-812 .

Montana § 35-8-811 (Dissociated Member's Power To Bind Limited Liability Company) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.