{"data":{"id":"us-ut/utah-code-16-20-304","jurisdiction":"us-ut","citation":"Utah Code § 16-20-304","heading":"Liability of members and managers.","body":"(1)\n(a) A debt, obligation, or other liability of a limited liability company is solely the debt, obligation, or other liability of the limited liability company.\n(b) 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 limited liability company solely by reason of being or acting as a member or manager.\n(c) This Subsection (1) applies regardless of the dissolution of the limited liability company.\n(2) The failure of a limited liability company to observe formalities relating to the exercise of the limited liability company's powers or management of the limited liability company's activities and affairs is not a ground for imposing liability on a member or manager of the limited liability company for a debt, obligation, or other liability of the limited liability company.","path":["Title 16 Business Entities","Chapter 16-20 Utah Revised Uniform Limited Liability Company Act","Part 16-20-3 Relations Of Members And Managers To Persons Dealing With A Limited Liability Company"],"source_url":"https://le.utah.gov/xcode/Title16/Chapter20/16-20-S304.html","current_through":"2026 General Session","vintage":"","retrieved_at":"2026-10-08T05:55:33Z","sha256":"ae5ed5f8d411dfece054175890d8a38d4fa8e5a02106efc00af8e3503c5a0ef5","source_id":"us-ut","stale":false,"prev":"us-ut/utah-code-16-20-303","next":"us-ut/utah-code-16-20-401"},"notice":"GroundRules: Original legal text. Not legal advice."}