Liability of Member for Return of Distribution. Each Member understands that it may be liable to the Company for the return of any cash or other property it receives in violation of §18-607 of the Act. A Member shall not otherwise be personally liable to creditors of the Company for any debts, obligations, liabilities or losses of the Company, whether arising in contract, tort or otherwise.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Advanced Drainage Systems, Inc.), Limited Liability Company Agreement (American Railcar Industries, Inc./De), Limited Liability Company Agreement (American Railcar Industries, Inc.)