Source: https://code.dccouncil.us/dc/council/code/sections/29-803.02.html
Timestamp: 2019-04-20 18:38:05+00:00

Document:
D.C. Law Library - § 29–803.02. Statement of authority.
↪ Subchapter III. Relations of Members and Managers to Persons Dealing with Limited Liability Company.
↪ § 29–803.02. Statement of authority.
§ 29–803.01. No agency power of member as member.
§ 29–803.03. Statement of denial.
§ 29–803.02. Statement of authority.
(c) A statement of authority shall affect only the power of a person to bind a limited liability company to persons that are not members.
(d) Subject to subsection (c) of this section and § 29-801.03(d) and except as otherwise provided in subsections (f), (g), and (h) of this section, a limitation on the authority of a person or a position contained in an effective statement of authority shall not by itself [be] evidence of knowledge or notice of the limitation by any person.
(g) Subject to subsection (c) of this section, if a certified copy of an effective statement containing a limitation on the authority to transfer real property held in the name of a limited liability company is recorded in the office for recording transfers of that real property, all persons shall be deemed to know of the limitation.
(h) Subject to subsection (i) of this section, an effective statement of dissolution or termination shall be a cancellation of any filed statement of authority for the purposes of subsection (f) of this section and shall be a limitation on authority for the purposes of subsection (g) of this section.
(i) After a statement of dissolution becomes effective, a limited liability company may deliver to the Mayor for filing and, if appropriate, may record a statement of authority that is designated as a post-dissolution statement of authority. The statement shall operate as provided in subsections (f) and (g) of this section.
(j) Unless earlier canceled, an effective statement of authority shall be canceled by operation of law 5 years after the date on which the statement, or its most recent amendment, becomes effective. This cancellation shall operate without need for any recording under subsection (f) or (g) of this section.
(k) An effective statement of denial shall operate as a restrictive amendment under this section and may be recorded by certified copy for the purposes of subsection (f)(1) of this section.
This section is referenced in § 29-801.03.
Uniform Law: This section is based on § 302 of the Uniform Limited Company Act (2006 Act).

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 § 302