Okla. Stat. tit. 18, § 18-2019
This is the official text of Okla. Stat. tit. 18, § 18-2019, part of Oklahoma’s Stat. tit. 18, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 18,." Browse the sections below, each linked to its official government source.
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Managers as agents
Official statutory text
MANAGERS AS AGENTS
A. Every manager is an agent of the limited liability company
for the purpose of its business, and the act of every manager,
including the execution in the limited liability company name of any
instrument for apparently carrying on the business of the limited
liability company of which he is a manager, binds the limited
liability company, unless the manager so acting lacks the authority
to act for the limited liability company in the particular matter,
and the person with whom he is dealing has knowledge of the fact
Oklahoma Statutes - Title 18. Corporations Page 554
that he has no such authority. The unauthorized acts of the manager
shall bind the limited liability company as to persons acting in
good faith who have no knowledge of the fact that the manager had no
such authority.
B. Subject to the provisions of subsection A of this section
and Section 2019.1 of this title, instruments and documents
providing for the acquisition, mortgage, or disposition of real or
personal property of the limited liability company shall be valid
and binding upon the limited liability company if executed by one or
more of its managers.
A. Every manager is an agent of the limited liability company
for the purpose of its business, and the act of every manager,
including the execution in the limited liability company name of any
instrument for apparently carrying on the business of the limited
liability company of which he is a manager, binds the limited
liability company, unless the manager so acting lacks the authority
to act for the limited liability company in the particular matter,
and the person with whom he is dealing has knowledge of the fact
Oklahoma Statutes - Title 18. Corporations Page 554
that he has no such authority. The unauthorized acts of the manager
shall bind the limited liability company as to persons acting in
good faith who have no knowledge of the fact that the manager had no
such authority.
B. Subject to the provisions of subsection A of this section
and Section 2019.1 of this title, instruments and documents
providing for the acquisition, mortgage, or disposition of real or
personal property of the limited liability company shall be valid
and binding upon the limited liability company if executed by one or
more of its managers.
Status: in_force · Read it on the official government site
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