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WHICH IS TRUE ABOUT LIMITED LIABILITY COMAPNIES WHERE THE RESTRICTIONS ON THE AUTHORITY OF MANAGERS ARE SET FORTH IN AN OPERATING AGREEMENT IT MAY NOT
WHICH IS TRUE ABOUT LIMITED LIABILITY COMAPNIES WHERE THE RESTRICTIONS ON THE AUTHORITY OF MANAGERS ARE SET FORTH IN AN OPERATING AGREEMENT
IT MAY NOT BE SUFFICIENT TO PROTECT THE LLC AGAINST THIRD PARTIESWITHOUT KNOWLEDGE OF RESTRICTIONS
NONMANAGERS MEMBERS CANNOT BIND THE LLC
THE MANGERS CANNOT BIND THE LLC WITHOUT UNANIMOUS APPROVED VOTE OF THE MEMBERS
THESE RESTRICTIONS ARE NOT BINDING ON THE MANAGERS
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