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Delaware · Through 2026-08-10 (85 Del. Laws, c. 421, 424) · Newer source version available

6 Del. C. § 18-303: Liability to third parties.

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Where this section sits in the code
  1. Title 6. Commerce and Trade
  2. SUBTITLE II
  3. Other Laws Relating to Commerce and Trade
  4. CHAPTER 18. Limited Liability Company Act
  5. Subchapter III. Members

(a) Except as otherwise provided by this chapter, the debts, obligations and liabilities of a limited liability company, whether arising in contract, tort or otherwise, shall be solely the debts, obligations and liabilities of the limited liability company, and no member or manager of a limited liability company shall be obligated personally for any such debt, obligation or liability of the limited liability company solely by reason of being a member or acting as a manager of the limited liability company.

(b) Notwithstanding the provisions of subsection (a) of this section, under a limited liability company agreement or under another agreement, a member or manager may agree to be obligated personally for any or all of the debts, obligations and liabilities of the limited liability company.

Collected 2026-09-05T23:02:07Z. Source file · JSON

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