S.C. Code Ann. § 33-44-703: Dissociated member's power to bind limited liability company.
Where this section sits in the code
- Title 33 - CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS
- CHAPTER 44 Uniform Limited Liability Company Act of 1996
- ARTICLE 7 Member's Dissociation When Business Not Wound Up
For two years after a member dissociates without the dissociation resulting in a dissolution and winding up of a limited liability company's business, the company, including a surviving company under Article 9, is bound by an act of the dissociated member which would have bound the company under Section 33-44-301 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 33-44-704.
Collected 2026-09-02T07:04:34Z. Source file · JSON