South Carolina § 33-44-804 Member's or manager's power and liability as agent after dissolution.

South Carolina Statutes

§ 33-44-804 — Member's or manager's power and liability as agent after dissolution.

South Carolina § 33-44-804

Title 33CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS

Ch. 44UNIFORM LIMITED LIABILITY COMPANY ACT OF 1996

This text of South Carolina § 33-44-804 (Member's or manager's power and liability as agent after dissolution.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.C. Code Ann. § 33-44-804 (2026).

Text

(a)A limited liability company is bound by a member's or manager's act after dissolution that:

(1)is appropriate for winding up the company's business; or (2) would have bound the company under Section 33-44-301 before dissolution, if the other party to the transaction did not have notice of the dissolution.

(b)A member or manager who, with knowledge of the dissolution, subjects a limited liability company to liability by an act that is not appropriate for winding up the company's business is liable to the company for any damage caused to the company arising from the liability.

Free access — add to your briefcase to read the full text and ask questions with AI

(a) A limited liability company is bound by a member's or manager's act after dissolution that: (1) is appropriate for winding up the company's business; or (2) would have bound the company under Section 33-44-301 before dissolution, if the other party to the transaction did not have notice of the dissolution. (b) A member or manager who, with knowledge of the dissolution, subjects a limited liability company to liability by an act that is not appropriate for winding up the company's business is liable to the company for any damage caused to the company arising from the liability.