2019 Code of Alabama
Title 10A - Alabama Business and Nonprofit Entities Code.
Chapter 5A - Limited Liability Companies.
Article 3 - Relations of Members to Persons Dealing with Limited Liability Company.
Section 10A-5A-3.01 - Liability of members to third parties.

Universal Citation: AL Code § 10A-5A-3.01 (2019)
Section 10A-5A-3.01Liability of members to third parties.

A member of a limited liability company is not liable, solely by reason of being a member, for a debt, obligation, or liability of the limited liability company or a series thereof, whether arising in contract, tort, or otherwise or for the acts or omissions of any other member, agent, or employee of the limited liability company or a series thereof.

(Act 2014-144, p. 265, §1.)
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