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URL:http://alisondb.legislature.state.al.us/alison/CodeOfAlabama
/1975/10A-5A-3.01.htm
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Modified:2015-06-10 14:30:54
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Title:10A-5A-3.01
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Body: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, ยง1.)