Question: Assume that a state does not require LLCs to publish their operating documents publicly. How might this impact a third - parties' ( like Tree
Assume that a state does not require LLCs to publish their operating documents publicly. How might this impact a thirdparties' like Tree Down right to recover contract damages from an LLC if the member's such as George or Stan authority to bind the company was rescinded in a nonpublished operating agreement?
If the member tells Tree Down that he has express authority, the LLC will be bound by his acts.
The LLC can never be held liable for the acts of an unauthorized agent.
Even if the member is an unauthorized agent, Tree Down's reasonable belief based on the conduct of the member is cufficiont to bind tho
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