Nebraska § 21-129 Liability of members and managers

Nebraska Statutes

§ 21-129 — Liability of members and managers

Nebraska § 21-129

Ch. 21Corporations and Other Companies

This text of Nebraska § 21-129 (Liability of members and managers) is published on Counsel Stack Legal Research, covering Nebraska primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Neb. Rev. Stat. § 21-129 (2026).

Text

(RULLCA 304) (a) The debts, obligations, or other liabilities of a limited liability company, whether arising in contract, tort, or otherwise:

(1)are solely the debts, obligations, or other liabilities of the company; and

(2)do not become the debts, obligations, or other liabilities of a member or manager solely by reason of the member acting as a member or manager acting as a manager.

(b)The mere failure of a limited liability company to observe any particular formalities relating to the exercise of its powers or management of its activities is not a ground for imposing liability on the members or managers for the debts, obligations, or other liabilities of the company.

(c)Any member, manager, or employee of a limited liability company with the duty to collect, account for, or pay ove

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(RULLCA 304) (a) The debts,
obligations, or other liabilities of a limited liability company, whether
arising in contract, tort, or otherwise:
(1) are solely the debts,
obligations, or other liabilities of the company; and
(2) do not become the debts, obligations,
or other liabilities of a member or manager solely by reason of the member
acting as a member or manager acting as a manager.
(b) The mere failure of a limited
liability company to observe any particular formalities relating to the exercise
of its powers or management of its activities is not a ground for imposing
liability on the members or managers for the debts, obligations, or other
liabilities of the company.
(c) Any member, manager, or employee of a limited
liability company with the duty to collect, account for, or pay over any taxes
imposed upon a limited liability company or with the authority to decide whether
the limited liability company will pay taxes imposed upon a limited liability
company shall be personally liable for the payment of such taxes in the event
of willful failure on his or her part to have a limited liability company
perform such act. Such taxes shall be collected in the same manner as provided
under section 77-1783.01 .