The Florida Senate

608.4227  Liability of members and managers.--

(1)  Except as provided in this chapter, neither the members of a limited liability company nor the managers of a limited liability company managed by a manager or managing member are liable, solely by reason of being a member or serving as a manager or managing member, under a judgment, decree, or order of a court, or in any other manner, for a debt, obligation, or liability of the limited liability company;

(2)  Any such member or manager or other person acting under the articles of organization or operating agreement of a limited liability company shall not be liable to the limited liability company or to any such other member or manager for the member's or manager's or other person's good faith reliance on the provisions of the limited liability company's articles of organization or operating agreement; and

(3)  The member's or manager's or other person's duties and liabilities may be expanded or restricted by provisions in a limited liability company's articles of organization or operating agreement.

History.--s. 2, ch. 82-177; s. 36, ch. 93-284; s. 1, ch. 99-315.

Note.--Former s. 608.436.