Nebraska Statutes 21-126. No agency power of member as member
Current as of: 2023 | Check for updates
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(RULLCA 301) (a) A member is not an agent of a limited liability company solely by reason of being a member.
Terms Used In Nebraska Statutes 21-126
- Company: shall include any corporation, partnership, limited liability company, joint-stock company, joint venture, or association. See Nebraska Statutes 49-801
- Person: shall include bodies politic and corporate, societies, communities, the public generally, individuals, partnerships, limited liability companies, joint-stock companies, and associations. See Nebraska Statutes 49-801
(b) A person‘s status as a member does not prevent or restrict law other than the Nebraska Uniform Limited Liability Company Act from imposing liability on a limited liability company because of the person’s conduct.