[§428-703]  Dissociated member's power to
bind the limited liability company.  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. [L 1996, c 92, pt of §1]