State Codes and Statutes

Statutes > Alaska > Title-10 > Chapter-10-50 > Article-05 > Sec-10-50-130

Unless otherwise provided in an operating agreement of the company, if a person is a member of a limited liability company that is managed by a manager and if the person is not a manager, the person does not have the fiduciary duty of a manager to the company or to the other members of the company when the person acts solely in the capacity of a member.

State Codes and Statutes

Statutes > Alaska > Title-10 > Chapter-10-50 > Article-05 > Sec-10-50-130

Unless otherwise provided in an operating agreement of the company, if a person is a member of a limited liability company that is managed by a manager and if the person is not a manager, the person does not have the fiduciary duty of a manager to the company or to the other members of the company when the person acts solely in the capacity of a member.


State Codes and Statutes

State Codes and Statutes

Statutes > Alaska > Title-10 > Chapter-10-50 > Article-05 > Sec-10-50-130

Unless otherwise provided in an operating agreement of the company, if a person is a member of a limited liability company that is managed by a manager and if the person is not a manager, the person does not have the fiduciary duty of a manager to the company or to the other members of the company when the person acts solely in the capacity of a member.