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Liability of members and managers.

Utah Code § 16-20-304
in effect
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16-20-304. Liability of members and managers. (1) (a) A debt, obligation, or other liability of a limited liability company is solely the debt, obligation, or other liability of the limited liability company. (b) A member or manager is not personally liable, directly or indirectly, by way of contribution or otherwise, for a debt, obligation, or other liability of the limited liability company solely by reason of being or acting as a member or manager. (c) This Subsection (1) applies regardless of the dissolution of the limited liability company. (2) The failure of a limited liability company to observe formalities relating to the exercise of the limited liability company's powers or management of the limited liability company's activities and affairs is not a ground for imposing liability on a member or manager of the limited liability company for a debt, obligation, or other liability of the limited liability company. Renumbered and Amended by Chapter 93, 2026 General Session
Source: Utah Office of Legislative Research and General Counsel (le.utah.gov)URL: https://le.utah.gov/xcode/Title16/Chapter20/16-20-S304.html?v=C16-20-S304_2026050620261001Fetched: 10/26/2026

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