Miss. Code § 81-27-6.303

Current through the 2024 Regular Session

Section 81-27-6.303 - Contracting debts and obligations

Except as provided by this section or the articles of association of the limited liability trust company, debts, liabilities, and other obligations may be contracted for or incurred on behalf of a limited liability trust company by:

(1) A majority of the managers, if management of the limited liability trust company has been vested in a board of managers;

(2) A majority of the managing participants; or

(3) An officer or other agent vested with actual or apparent authority to contract for or incur the debt, liability, or other obligation.

Miss. Code § 81-27-6.303

Laws, 1998, ch. 437, § 1, eff. 7/1/1998.