Vt. Stat. Ann. tit. 11, § 4041
No agency power of member as member
Redline — July 1, 2021 → current.View current text →
Current — June 1, 2022
As of July 1, 2021
(1) A member is not an agent of a limited liability company solely by reason of being a member.
(1) A member is not an agent of a limited liability company solely by reason of being a member.
(2) A person’s status as a member does not prevent or restrict law other than this title from imposing liability on a limited liability company because of the person’s conduct. Added 2015, No. 17, § 2.
(2) A person’s status as a member does not prevent or restrict law other than this title from imposing liability on a limited liability company because of the person’s conduct.
Official source: Vermont General Assembly. Reproduced from public-domain Vermont statutes; confirm against the official source for the current text. Not legal advice.