490A.601  Liability to third parties.

Except as otherwise provided by this chapter or as expressly provided in the articles of organization, no member or manager of a limited liability company is personally liable for the acts or debts of the limited liability company.

Section History: Recent form

  92 Acts, ch 1151, § 33

Internal References

  Referred to in § 421.26, 422.16, 490A.305


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