35-8-302. Admissions of members and managers.
35-8-302. Admissions of members and managers. (1) Except as provided in subsection (2), an admission or representation made by a member concerning the business or affairs of a limited liability company within the scope of the member's authority as provided for by this chapter is evidence against the limited liability company.
(2) If the articles of organization provide that management of the limited liability company is vested in a manager or managers:
(a) an admission or representation made by a manager concerning the business or affairs of a limited liability company within the scope of the manager's authority, as provided for by this chapter, is evidence against the limited liability company; and
(b) the admission or representation of a member, acting solely in the capacity as a member, may not constitute evidence.
History: En. Sec. 21, Ch. 120, L. 1993.