Liability of Members to Third Parties.

  1. Law
  2. Code of Alabama
  3. Alabama Business and Nonprofit Entities Code.
  4. Alabama Limited Liability Company Law of 2014.
  5. Relations of Members to Persons Dealing With Limited Liability Company.
  6. Liability of Members to Third Parties.

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Section 10A-5A-3.01

Liability of members to third parties.

A member of a limited liability company is not liable, solely by reason of being a member, for a debt, obligation, or liability of the limited liability company or a series thereof, whether arising in contract, tort, or otherwise or for the acts or omissions of any other member, agent, or employee of the limited liability company or a series thereof.

(Act 2014-144, p. 265, §1.)


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