Liability of Members to Third Parties

Ala. Code § 10A-5A-3.01 — under Title 10A.

Ala. Code § 10A-5A-3.01

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.

History: (Act 2014-144, p. 265, §1.)