35-8-306. Limited liability company liability for member's or manager's conduct. A limited liability company is liable for loss or injury caused to a person, or for a penalty incurred, as a result of a wrongful act or omission or other actionable conduct of a member or manager acting in the ordinary course of business of the company or with the authority of the company.
History: En. Sec. 15, Ch. 302, L. 1999.
Structure Montana Code Annotated
Title 35. Corporations, Partnerships, and Associations
Chapter 8. Montana Limited Liability Company Act
Part 3. Relations of Members and Managers to Persons Dealing With Limited Liability Company
35-8-301. Agency power of members and managers
35-8-302. Admissions of members and managers
35-8-304. Liability of members, managers, and series of members to third parties
35-8-306. Limited liability company liability for member's or manager's conduct
35-8-307. Management and voting
35-8-308. and 35-8-309 reserved
35-8-310. General standards of member's and manager's conduct