2022 Code of Alabama
Title 10A - Alabama Business and Nonprofit Entities Code.
Chapter 5A - Alabama Limited Liability Company Law of 2014.
Article 3 - Relations of Members to Persons Dealing With Limited Liability Company.
Section 10A-5A-3.01 - Liability of Members to Third Parties.
Liability 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.)