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2013 Vermont Statutes
Title 11 Corporations, Partnerships and Associations
Chapter 21 LIMITED LIABILITY COMPANIES
§ 3042 Limited liability company liable for member's or manager's actionable conduct


11 V.S.A. § 3042 What's This?

3042. Limited liability company liable for member's or manager's actionable conduct

A limited liability company is liable for loss or injury caused to a person, or for a penalty incurred, as a result of a wrongful act or omission or other actionable conduct of a member or manager acting in the ordinary course of business of the company or with authority of the company. (Added 1995, No. 179 (Adj. Sess.), 4.)

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