GroundRules
Iowa Code § 489.301: No agency power of member as member.
Where this section sits in the code
- Title XII - BUSINESS ENTITIES (Ch. 486 - 504C)
- Chapter 489 - UNIFORM LIMITED LIABILITY COMPANY ACT
- Subchapter III - RELATIONS OF MEMBERS AND MANAGERS TO PERSONS DEALING WITH LIMITED LIABILITY COMPANY
1. A member is not an agent of a limited liability company solely by reason of being a member.
2. A person’s status as a member does not prevent or restrict law other than this chapter from imposing liability on a limited liability company because of the person’s conduct.
Collected 2026-09-14T19:40:12Z. Source file · JSON