Liability of members to 3rd parties

1. Law
2. Maine Revised Statutes
3. PARTNERSHIPS AND ASSOCIATIONS
4. LIMITED LIABILITY COMPANIES
5. RELATIONS OF MEMBERS TO PERSONS DEALING WITH LIMITED LIABILITY COMPANY
6. Liability of members to 3rd parties

§1544. Liability of members to 3rd parties

A person who is a member of a limited liability company is not liable, solely by reason of being a member, under a judgment, decree or order of a court, or in any other manner, for a debt, obligation or liability of the limited liability company, 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.   [PL 2009, c. 629, Pt. A, §2 (NEW); PL 2009, c. 629, Pt. A, §3 (AFF).]

SECTION HISTORY

PL 2009, c. 629, Pt. A, §2 (NEW). PL 2009, c. 629, Pt. A, §3 (AFF).

Download our app to see the most-to-date content.