Common use of Limitation of Fiduciary Duties Clause in Contracts

Limitation of Fiduciary Duties. The Covered Persons shall be subject to fiduciary duties or to personal liability for breaches of these duties only as provided in this Agreement. Any fiduciary duties not expressly provided for in this Agreement for such Persons are hereby waived to the fullest extent permitted by the Act.

Appears in 8 contracts

Samples: Operating Agreement, Operating Agreement (Granite Falls Energy, LLC), Operating Agreement (Granite Falls Energy, LLC)

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Limitation of Fiduciary Duties. The Covered Persons shall be subject to fiduciary duties or to personal liability for breaches of these duties only as provided in this Agreement. Any fiduciary duties ​ not expressly provided for in this Agreement for such Persons are hereby waived to the fullest extent permitted by the Act.

Appears in 1 contract

Samples: Operating Agreement (Granite Falls Energy, LLC)

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