489.301 - NO AGENCY POWER OF MEMBER AS MEMBER. - Iowa Statutes

489.301 NO AGENCY POWER OF MEMBER AS MEMBER. 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.          Section History: Recent Form 2008 Acts, ch 1162, §27, 155