605.2401 Limitations on liability.
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/fl/title-xxxvi/chapter-605/605-2401·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)A person is not liable, directly or indirectly, by way of contribution or otherwise, for a debt, an obligation, or another liability of either of the following:
(a)A protected series of a series limited liability company solely by reason of being or acting as:
1. An associated member, protected-series manager, or protected-series transferee of the protected series; or
2. A member, manager, or transferee of the company; or
(b)A series limited liability company solely by reason of being or acting as an associated member, protected-series manager, or protected-series transferee of a protected series of the company.
(2)Subject to s. 605.2404 , the following apply:
(a)A debt, an obligation, or another liability of a series limited liability company is solely the debt, obligation, or liability of the company.
(b)A debt, an obligation, or another liability of a protected series is solely the debt, obligation, or liability of the protected series.
(c)A series limited liability company is not liable, directly or indirectly, by way of contribution or otherwise, for a debt, an obligation, or another liability of a protected series of the company solely by reason of the protected series being a protected series of the company, or the series limited liability company:
1. Being or acting as a protected-series manager of the protected series;
2. Having the protected series manage the series limited liability company; or
3. Owning a protected-series transferable interest of the protected series.
(d)A protected series of a series limited liability company is not liable, directly or indirectly, by way of contribution or otherwise, for a debt, an obligation, or another liability of the company or another protected series of the company solely by reason of:
1. Being a protected series of the series limited liability company;
2. Being or acting as a manager of the series limited liability company or a protected-series manager of another protected series of the company; or
3. Having the series limited liability company or another protected series of the company be or act as a protected-series manager of the protected series.