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Searching 2019-2020 Session

The Vermont Statutes Online

 

Title 11 : Corporations, Partnerships and Associations

Chapter 025 : LIMITED LIABILITY COMPANIES

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

(Cite as: 11 V.S.A. § 4041)
  • § 4041. No agency power of member as member

    (a) A member is not an agent of a limited liability company solely by reason of being a member.

    (b) A person's status as a member does not prevent or restrict law other than this title from imposing liability on a limited liability company because of the person's conduct. (Added 2015, No. 17, § 2.)