WVC 31 B- 7 - 703
§31B-7-703. Dissociated member's power to bind limited liability
For two years after a member dissociates without the
dissociation resulting in a dissolution and winding up of a limited
liability company's business, the company, including a surviving
company under article nine of this chapter, is bound by an act of
the dissociated member which would have bound the company under
section 3-301 before dissociation only if at the time of entering
into the transaction the other party:
(1) Reasonably believed that the dissociated member was then
(2) Did not have notice of the member's dissociation; and
(3) Is not deemed to have had notice under section 7-704.
Note: WV Code updated with legislation passed through the 2016 Regular Session
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