GroundRules
AS 10.50.255: Admissions and representations by members and managers.
Where this section sits in the code
- Title 10. Corporations and Associations.
- Chapter 50. Alaska Revised Limited Liability Company Act.
- Article 7. Relationship to Third Parties.
(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.
Collected 2026-09-02T06:16:39Z. Source file · JSON