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Code · Nebraska · Chapter 21 — Corporations and Other Companies

21-126. No agency power of member as member.

56 words·~1 min read·/ne/chapter-21/21-126

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(RULLCA 301)
(a)A member is not an agent of a limited liability company solely by reason of being a member.
(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.
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