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Liabilities of limited liability company members.

Ohio Rev. Code § 1706.26
in effect
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1706.26. Liabilities of limited liability company members. A person who is a member of a limited liability company is not liable, solely by reason of being a member, for a debt, obligation, or liability of the limited liability company or a series thereof, whether arising in contract, tort, or otherwise; or for the acts or omissions of any other member, agent, or employee of the limited liability company or a series thereof. The failure of a limited liability company or any of its members to observe any formalities relating to the exercise of the limited liability company's powers or the management of its activities is not a factor to consider in, or a ground for, imposing liability on the members for the debts, obligations, or liability of the limited liability company. Effective: April 12, 2021. Latest Legislation: Senate Bill 276 - 133rd General Assembly.
Source: Ohio Legislative Service Commission (codes.ohio.gov)URL: https://codes.ohio.gov/ohio-revised-code/section-1706.26Fetched: 10/21/2026

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