Sec. 10.50.265. Liability of members to third parties.
91 words·~1 min read·
/ak/title-10/chapter-50/10-50-265A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 10.50.265. Liability of members to third parties.
A person who is a member of a limited liability company or a foreign limited liability company is not liable, solely by reason of being a member, under a judgment, decree, or order of a court, or in another manner, for a liability of the company to a third party, whether the liability arises in contract, tort, or another form, or for the acts or omissions of another member, manager, agent, or employee of the company to a third party.
Article 8. Contributions.