Hawaii Revised Statutes 428-703 – Dissociated member’s power to bind the limited liability company
Current as of: 2024 | Check for updates
|
Other versions
Provided that the dissociation does not result in a dissolution and winding up of a limited liability company‘s business, for two years after a member dissociates from the company, the company, including a surviving company under part IX, shall be bound by an act of the dissociated member which would have bound the company under § 428-301 before dissociation only if at the time of entering into the transaction the other party:
Terms Used In Hawaii Revised Statutes 428-703
- Business: includes every trade, occupation, profession, and other lawful purpose, whether or not carried on for profit. See Hawaii Revised Statutes 428-101
- Limited liability company: means a limited liability company organized under this chapter. See Hawaii Revised Statutes 428-101