Haw. Rev. Stat. § 428-703
Dissociated member's power to bind the limited liability company
Hawaii · Hawaii Revised Statutes Chapter 428 — Uniform Limited Liability Company Act · Status: effective
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- Citation
- Haw. Rev. Stat. § 428-703, Dissociated member's power to bind the limited liability company, Hawaii, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2424466
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Full text
Provided that the dissociation does not result in a dissolution and winding up of a limited liability company's business, for two years after a member dissociates from the company, the company, including a surviving company under part IX, shall be bound by an act of the dissociated member which would have bound the company under section 428-301 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 428-704.