275.150 Immunity from personal liability.
(1)
(2)
(3)
Except as provided in subsection (2) of this section or as otherwise specifically set
forth in other sections in this chapter, no member, manager, employee, or agent of a
limited liability company, including a professional limited liability company, shall
be personally liable by reason of being a member, manager, employee, or agent of
the limited liability company, under a judgment, decree, or order of a court, agency,
or tribunal of any type, or in any other manner, in this or any other state, or on any
other basis, for a debt, obligation, or liability of the limited liability company,
whether arising in contract, tort, or otherwise. The status of a person as a member,
manager, employee, or agent of a limited liability company, including a professional
limited liability company, shall not subject the person to personal liability for the
acts or omissions, including any negligence, wrongful act, or actionable misconduct,
of any other member, manager, agent, or employee of the limited liability company.
Notwithstanding the provisions of subsection (1) of this section, under a written
operating agreement or under another written agreement, a member or manager may
agree to be obligated personally for any of the debts, obligations, and liabilities of
the limited liability company.
Subsection (1) of this section shall not affect the liability of a member, manager,
employee, or agent of a limited liability company for his or her own negligence,
wrongful acts, or misconduct.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 133, sec. 31, effective July 15, 2010. -- Amended
1998 Ky. Acts ch. 341, sec. 26, effective July 15, 1998. -- Created 1994 Ky. Acts
ch. 389, sec. 30, effective July 15, 1994.
Disclaimer: These codes may not be the most recent version. Kentucky 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.
