Washington Code 25.15.801 – Construction and application of chapter and limited liability company agreement
Current as of: 2023 | Check for updates
|
Other versions
(1) The rule that statutes in derogation of the common law are to be strictly construed has no application to this chapter.
Terms Used In Washington Code 25.15.801
- Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
- Contract: A legal written agreement that becomes binding when signed.
(2) It is the policy of this chapter to give the maximum effect to the principle of freedom of contract and to the enforceability of limited liability company agreements.
(3) Unless the context otherwise requires, as used in this chapter, the singular includes the plural and the plural may refer to only the singular.
[ 2015 c 188 § 101.]