2025 Session
Last amended: 2014 session
§ 322C.0303 — Statement of Denial
Plain-Language Summary
An LLC is not automatically responsible for the wrongful acts of a member or manager unless the act was within the scope of the LLC's business.
322C.0303 STATEMENT OF DENIAL.
A person named in a filed statement of authority granting that person authority may file with the secretary of state for filing a statement of denial that:
(1) provides the name of the limited liability company and the caption of the statement of authority to which the statement of denial pertains; and
(2) denies the grant of authority.
History:
History: History:
2014 c 157 art 1 s 28
Practical Notes
The LLC may be liable for what its members or managers do while conducting LLC business.