§ 3042 - Limited liability company liable for member's or manager's actionable conduct - Vermont Statutes

§ 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.)