§ 23-18-3-3 — Personal liability of members, managers, agents, or employees

Indiana § 23-18-3-3

• Jurisdiction: Indiana
• Title 23: BUSINESS AND OTHER ASSOCIATIONS
• Art. 18: LIMITED LIABILITY COMPANIES
• Ch. 3: Relations of Members and Managers to Persons Dealing

Text

(a) A member, a manager, an agent, or an
employee of a limited liability company is not personally liable for the
debts, obligations, or liabilities of the limited liability company,
whether arising in contract, tort, or otherwise, or for the acts or
omissions of any other member, manager, agent, or employee of the
limited liability company. A member, a manager, an agent, or an
employee of a limited liability company may be personally liable for
the person's own acts or omissions.
(b) This article and Indiana law exclusively govern any conflict
between Indiana law and the laws of another state with regard to the
liability of a member, a manager, an agent, or an employee of a limited
liability company organized and existing under this article for the
debts, obligations, or liabilities of the limited liability company, or for
the acts or omissions of other members, managers, agents, or
employees of the limited liability company.

Legislative History

As added by P.L.8-1993, SEC.301.