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Question :-

In a member managed LLC, the apparent authority of a member to bind the LLC in dealing with third parties:
Would permit a member to submit a claim against the LLC to arbitration.
Must be derived from the express powers and purposes contained in the operating agreement.
Will be effectively limited by a formal resolution of the members of which third parties are aware.
Will be effectively limited by a formal resolution of the members of which third parties are unaware.

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