Sec. 34-143. Liability and indemnification of members and managers.

State Codes and Statutes

Statutes > Connecticut > Title34 > Chap613 > Sec34-143

Sec. 34-143. Liability and indemnification of members and managers. An operating agreement may: (1) Eliminate or limit the personal liability of a member or manager for monetary damages for breach of any duty provided for in section 34-141; and (2) provide for indemnification of a member or manager for judgments, settlements, penalties, fines or expenses incurred in a proceeding to which an individual is a party because such individual is or was a member or manager.

(P.A. 93-267, S. 24.)

State Codes and Statutes

Statutes > Connecticut > Title34 > Chap613 > Sec34-143

Sec. 34-143. Liability and indemnification of members and managers. An operating agreement may: (1) Eliminate or limit the personal liability of a member or manager for monetary damages for breach of any duty provided for in section 34-141; and (2) provide for indemnification of a member or manager for judgments, settlements, penalties, fines or expenses incurred in a proceeding to which an individual is a party because such individual is or was a member or manager.

(P.A. 93-267, S. 24.)

State Codes and Statutes

Back To Homepage

State Codes and Statutes

Statutes > Connecticut > Title34 > Chap613 > Sec34-143

Sec. 34-143. Liability and indemnification of members and managers. An operating agreement may: (1) Eliminate or limit the personal liability of a member or manager for monetary damages for breach of any duty provided for in section 34-141; and (2) provide for indemnification of a member or manager for judgments, settlements, penalties, fines or expenses incurred in a proceeding to which an individual is a party because such individual is or was a member or manager.

(P.A. 93-267, S. 24.)

State Codes and Statutes

State Codes and Statutes

State Codes and Statutes

State Codes and Statutes

Loading..

Loading, Please Wait!