Sec. 34-131. Admissions and representations by members and managers.
Sec. 34-131. Admissions and representations by members and managers. (a)
Except as provided in subsection (b) of this section, an admission or representation made
by any member concerning the business or affairs of a limited liability company within
the scope of his authority as provided for by sections 34-100 to 34-242, inclusive, is
evidence against the limited liability company.
(b) If the articles of organization provide that management of the limited liability
company is vested in a manager or managers: (1) An admission or representation made
by a manager concerning the business or affairs of a limited liability company within
the scope of his authority as provided for by sections 34-100 to 34-242, inclusive, is
evidence against the limited liability company; and (2) the admission or representation
of any member, acting solely in his capacity as a member, shall not constitute such
evidence.
(P.A. 93-267, S. 17.)