S.C. Code § 33-44-703
Dissociated member's power to bind limited liability company
South Carolina · South Carolina Code Title 33, Chapter 44 — Uniform Limited Liability Company Act of 1996 · Status: effective
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- Citation
- S.C. Code § 33-44-703, Dissociated member's power to bind limited liability company, South Carolina, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1576834
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Full text
For two years after a member dissociates without the dissociation resulting in a dissolution and winding up of a limited liability company's business, the company, including a surviving company under Article 9, is bound by an act of the dissociated member which would have bound the company under Section 33-44-301 before dissociation only if at the time of entering into the transaction the other party:
(1) reasonably believed that the dissociated member was then a member;
(2) did not have notice of the member's dissociation; and
(3) is not deemed to have had notice under Section 33-44-704.