35-8-811. Dissociated member's power to bind limited liability company.
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/mt/title-35/chapter-8/part-8/35-8-811·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
35-8-811 . Dissociated member's power to bind limited liability company. For 2 years after a member dissociates without the dissociation resulting in a dissolution and winding up of a limited liability company's business, the company, including a surviving company under part 12 of this chapter, is bound by an act of the dissociated member that would have bound the company under 35-8-301 before dissociation only if at the time of entering into the transaction the other party:
(1)reasonably believed that the dissociated member was then a member;
(2)did not have notice of the member's dissociation; and
(3)is not considered to have had notice under 35-8-812 .