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 a member;
(2) Did not have notice of the member's dissociation; and
(3) Is not deemed to have had notice under section 7-704.
Structure West Virginia Code
Chapter 31B. Uniform Limited Liability Company Act
Article 7. Member's Dissociation When Business Not Wound Up
§31B-7-701. Company Purchase of Distributional Interest
§31B-7-702. Court Action to Determine Fair Value of Distributional Interest
§31B-7-703. Dissociated Member's Power to Bind Limited Liability Company