Florida Statutes 605.0301 – Power to bind limited liability company
Current as of: 2023 | Check for updates
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Terms Used In Florida Statutes 605.0301
- Articles of organization: means the articles of organization required under…. See Florida Statutes 605.0102
- Operating agreement: means an agreement, whether referred to as an operating agreement or not, which may be oral, implied, in a record, or in any combination thereof, of the members of a limited liability company, including a sole member, concerning the matters described in…. See Florida Statutes 605.0102
- Person: means an individual, business corporation, nonprofit corporation, partnership, limited partnership, limited liability company, limited cooperative association, unincorporated nonprofit association, statutory trust, business trust, common law business trust, estate, trust, association, joint venture, public corporation, government or governmental subdivision, agency, or instrumentality, or another legal or commercial entity. See Florida Statutes 605.0102
A person does not have the power to bind a limited liability company, except to the extent the person:
(1) Is an agent of the company by virtue of s. 605.04074;
(2) Has the authority to do so under the articles of organization or operating agreement of the company;
(3) Has the authority to do so by a statement of authority filed under s. 605.0302; or
(4) Has the status of an agent of the company or the authority or power to bind the company under a law other than this chapter.