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Home » US Law » 2019 US Virgin Islands Code » Title 13 - Corporations and Associations » Chapter 15 - Uniform Limited Liability Company Act » Subchapter III - Relations of Members and Managers to Persons Dealing With Limited Liability Company

§ 1301. Agency of members and managers

(a) Subject to subsections (b) and (c) of this section: (1) Each member is an agent of the limited liability company for the purpose of its business, and an act of a member, including the signing of an instrument in the company’s name, for apparently carrying on in the ordinary course the company’s business or […]

§ 1303. Liability of members and managers

(a) Except as otherwise provided in subsection (c) of this section, the debts, obligations, and liabilities of a limited liability company, whether arising in contract, tort, or otherwise, are solely the debts, obligations, and liabilities of the company. A member or manager is not personally liable for a debt, obligation, or liability of the company […]