Sec. 34-143. Liability and indemnification of members and managers. - Connecticut Statutes

      Sec. 34-143. Liability and indemnification of members and managers. An operating agreement may: (1) Eliminate or limit the personal liability of a member or manager for monetary damages for breach of any duty provided for in section 34-141; and (2) provide for indemnification of a member or manager for judgments, settlements, penalties, fines or expenses incurred in a proceeding to which an individual is a party because such individual is or was a member or manager.

      (P.A. 93-267, S. 24.)