Haw. Rev. Stat. § 428-703: Dissociated member's power to bind the limited liability company.
Where this section sits in the code
- HI Code
- Division 2
- Title 23A
- Chapter 428
Provided that the dissociation does not result in a dissolution and winding up of a limited liability company's business, for two years after a member dissociates from the company, the company, including a surviving company under part IX, shall be bound by an act of the dissociated member which would have bound the company under section 428-301 before dissociation only if at the time of entering into the transaction the other party:
(1) Reasonably believed that the dissociated member was then a member;
(2) Did not have notice of the member's dissociation; and
(3) Is not deemed to have had notice under section 428-704.
Collected 2026-09-14T18:32:11Z. Source file · JSON