Iowa Code § 489.301 – No agency power of member as member | Midpage

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§ 489.301

Iowa Code § 489.301

No agency power of member as member

2008 Acts, ch 1162, §27, 155

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.

2008 Acts, ch 1162, §27, 155