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Hawaii · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Haw. Rev. Stat. § 428-703: Dissociated member's power to bind the limited liability company.

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Where this section sits in the code
  1. HI Code
  2. Division 2
  3. Title 23A
  4. 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

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