A person who is a member of a limited liability company or a foreign limited liability company is not liable, solely by reason of being a member, under a judgment, decree, or order of a court, or in another manner, for a liability of the company to a third party, whether the liability arises in contract, tort, or another form, or for the acts or omissions of another member, manager, agent, or employee of the company to a third party.
Structure Alaska Statutes
Title 10. Corporations and Associations
Chapter 50. Alaska Revised Limited Liability Company Act
Article 7. Relationship to Third Parties.
Sec. 10.50.250. Agency power of members and managers.
Sec. 10.50.255. Admissions and representations by members and managers.
Sec. 10.50.260. Limited liability company charged with knowledge of or notice to member or manager.