22. Limited liability partnerships.

22.     Limited liability partnerships.

As in the case of ordinary partnerships1, every member of a limited liability partnership2 is the agent of the partnership3. However, a limited liability partnership is not bound by anything done by a member in dealing with a person if the member in fact has no authority to act for the partnership by doing that thing, and the person knows that he has no authority or does not know or believe him to be a member of the partnership4.

Where a person has ceased to be a member of a limited liability partnership, he