What to keep in mind
Compare bylaws, appointments, powers, contracts and bank notices; assess ratification, remedies and third-party rights.
An internal instruction may not invalidate an agreement with a good-faith third party.
Distinctions often confused
Statutory representation, powers of attorney and internal approvals are distinct concepts.
Frequently asked questions
Can an SRL manager bind the company over another manager's objection?
That depends on the representation regime and enforceable restrictions.
What if an attorney-in-fact signs after their power is revoked?
Review notice, enforceability of revocation and affected third-party rights.
Informational content. It is not a substitute for professional advice.