Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 29. Partnership |
Chapter 4. ARIZONA LIMITED LIABILITY COMPANY ACT |
Article 3. Relationship of Limited Liability Company and Members to Third Persons |
Sec 29-651. Liability to third parties
Latest version.
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Except as provided in this chapter, a member, manager, employee, officer or agent of a limited liability company is not liable, solely by reason of being a member, manager, employee, officer or agent, for the debts, obligations and liabilities of the limited liability company whether arising in contract or tort, under a judgment, decree or order of a court or otherwise.