Alaska Statutes 10.50.255 – Admissions and representations by members and managers

(a) Except as provided in (b) of this section, an admission or representation made by a member of a limited liability company about the affairs of the company is evidence against the company if the admission or representation is within the scope of the member’s authority under this chapter.

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Terms Used In Alaska Statutes 10.50.255

Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.

(b) If a limited liability company is managed by a manager, an admission or representation made by a

(1) manager about the affairs of the company is evidence against the company if the admission or representation is within the scope of the manager’s authority under this chapter; and

(2) member, acting solely in the capacity of a member, is not evidence against the company.

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