No power as member to bind enterprise

11C V.S.A. ch. 005, § 503, under Article 005 : Members.

11C V.S.A. ch. 005, § 503

§ 503. No power as member to bind enterprise

A member solely by reason of being a member may not act for or bind the mutual benefit enterprise. (Added 2011, No. 84 (Adj. Sess.), § 1, eff. April 20, 2012.)