GroundRules
AS 10.50.130: Limitation of member fiduciary duty.
Where this section sits in the code
- Title 10. Corporations and Associations.
- Chapter 50. Alaska Revised Limited Liability Company Act.
- Article 5. Management.
Unless otherwise provided in an operating agreement of the company, if a person is a member of a limited liability company that is managed by a manager and if the person is not a manager, the person does not have the fiduciary duty of a manager to the company or to the other members of the company when the person acts solely in the capacity of a member.
Collected 2026-09-02T06:16:39Z. Source file · JSON