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West Virginia · Through as of 2026-08-03; contains at least the enactments of the 2026 Regular Session · Newer source version available

W. Va. Code § 31B-7-703: Dissociated member's power to bind limited liability company.

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Where this section sits in the code
  1. CHAPTER 31B. UNIFORM LIMITED LIABILITY COMPANY ACT.
  2. 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 nine of this chapter, is bound by an act of the dissociated member which would have bound the company under section 3-301 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 7-704.

Collected 2026-09-06T00:28:00Z. Source file · JSON

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