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Current as of January 01, 2025 | Updated by Findlaw Staff
(a) Except as provided in (b) of this section, an admission or representation made by a member of a limited liability company about the affairs of the company is evidence against the company if the admission or representation is within the scope of the member's authority under this chapter.
(b) If a limited liability company is managed by a manager, an admission or representation made by a
(1) manager about the affairs of the company is evidence against the company if the admission or representation is within the scope of the manager's authority under this chapter; and
(2) member, acting solely in the capacity of a member, is not evidence against the company.
Cite this article: FindLaw.com - Alaska Statutes Title 10. Corporations and Associations § 10.50.255. Admissions and representations by members and managers - last updated January 01, 2025 | https://codes.findlaw.com/ak/title-10-corporations-and-associations/ak-st-sect-10-50-255/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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