42:2C-27 No agency power of member as member.
27. No Agency Power of Member as Member.
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 this act from imposing liability on a limited liability company because of the person's conduct.
L.2012, c.50, s.27.
This is the verbatim text of N.J.S.A. 42:2C-27, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. KyzerLex is not a law firm and this page is not legal advice.