2009 Alabama Code
Title 10 — CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS.
Chapter 12 — LIMITED LIABILITY COMPANY ACT.
Section 10-12-20 Liability of members to third parties.
Section 10-12-20Liability of members to third parties.
(a) Except as otherwise provided in this chapter, a member of a limited liability company is not liable under a judgment, decree, or order of a court, or in any other manner, for a debt, obligation, or liability of the limited liability company, whether arising in contract, tort, or otherwise, or for the acts or omissions of any other member, manager, agent, or employee of the limited liability company.
(b) A member may be liable to creditors of the limited liability company for a written agreement to make a contribution to the limited liability company.
(c) A member of a limited liability company may become liable by reason of the member's own acts or conduct.
(Acts 1993, No. 93-724, p. 1425, §20.)Disclaimer: These codes may not be the most recent version. Alabama may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
