LIABILITY OF MEMBERS AND MANAGERS.
Idaho Code § 30-25-304
in effect30-25-304. LIABILITY OF MEMBERS AND MANAGERS.
(a) A debt, obligation, or other liability of a limited liability company is solely the debt, obligation, or other liability of the company. 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 company solely by reason of being or acting as a member or manager. This subsection applies regardless of the dissolution of the company.
(b) The failure of a limited liability company to observe formalities relating to the exercise of its powers or management of its activities and affairs is not a ground for imposing liability on a member or manager for a debt, obligation, or other liability of the company.
[30-25-304, added 2015, ch. 243, sec. 45, p. 880.]
Source: Idaho State Legislature (legislature.idaho.gov)URL: https://legislature.idaho.gov/statutesrules/idstat/Title30/T30CH25/SECT30-25-304/Fetched: 10/20/2026
