Code of Virginia § 13.1-1019. Liability to third parties.
132 words·~1 min read·
/va/title-13-1/chapter-12/13-1-1019·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Except as otherwise provided by this Code or as expressly provided in the articles of organization, no member, manager, organizer or other agent of a limited liability company, regardless of whether the limited liability company has a single member or multiple members, shall have any personal obligation for any liabilities of a limited liability company, whether such liabilities arise in contract, tort or otherwise, solely by reason of being a member, manager, organizer or agent of a limited liability company.
For the purposes of this section, a person to whom the rights of a member or manager are delegated as provided in § 13.1-1022 or § 13.1-1024 shall be deemed an agent of a limited liability company.
1991, c. 168; 2004, c. 601 ; 2006, c. 912 ; 2015, c. 627 .