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

Link to law: http://legislature.vermont.gov/statutes/section/11/021/03042
Published: 2015

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The Vermont Statutes Online



Title

11

:
Corporations, Partnerships and Associations






Chapter

021

:
LIMITED LIABILITY COMPANIES






Subchapter

003
:
RELATIONS OF MEMBERS AND MANAGERS TO PERSONS DEALING WITH LIMITED LIABILITY COMPANY








[Section 3042 repealed effective July 1, 2016.]

[Section 3042 repealed effective July 1,

2016.]

§

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.)
Read Entire Law on legislature.vermont.gov