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Illinois Statutes Chapter 805. Business Organizations § 180/13-5. No agency power of a member as member

Current as of January 01, 2022 | Updated by FindLaw Staff

§ 13-5. No agency power of a member as member.

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

(b) Nothing herein shall be deemed to limit the effect of law other than this Act, including the law of agency.

(c) A person's status as a member does not prevent or restrict law other than this Act from imposing liability on a limited liability company because of the person's conduct.

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Cite this article: FindLaw.com - Illinois Statutes Chapter 805. Business Organizations § 180/13-5. No agency power of a member as member - last updated January 01, 2022 | https://codes.findlaw.com/il/chapter-805-business-organizations/il-st-sect-805-180-13-5/

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