Nonliability of Members. No member of this LLC shall be personally liable for the expenses, debts, obligations, or liabilities of the LLC, or for claims made against it.
Nonliability of Members. The members of the Corporation ----------------------- shall not be personally liable for the debts, liabilities, or obligations of the Corporation.
Nonliability of Members. FOR ACTS OR OMISSIONS IN THEIR MANAGERIAL CAPACITY To the full extent permitted by Section 3059 of Title 11, Vermont Statutes Annotated, all Members are released from liability for damages and other monetary relief on account of any act, omission, or conduct in the Member's Managerial capacity. This release does protect a Member from being required by a court to purchase the Membership interest of another Member who successfully contends that the Member has committed actionable oppressive acts to the prejudice of the other Member. No amendment or repeal of this section affects any liability or alleged liability of any Member for acts, omissions, or conduct that occurred prior to the amendment or repeal.
