LLC Member & Manager Liability (ULLCA 2013) · Bar Exam · Flashcards

QUESTION

What liability does an LLC member or manager have for its own tortious conduct?

QUESTION

Under ULLCA (2013), what liability does a member who receives an improper distribution have?

QUESTION

Under ULLCA (2013), what effect does an LLC's failure to observe formalities have on members' personal liability?

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