State Codes and Statutes

State Codes and Statutes

Statutes > Nebraska > Chapter21 > 21-129

21-129. Liability of members and managers.(ULLCA 304) (a) The debts,obligations, or other liabilities of a limited liability company, whetherarising in contract, tort, or otherwise:(1) are solely the debts,obligations, or other liabilities of the company; and(2) do not become the debts, obligations,or other liabilities of a member or manager solely by reason of the memberacting as a member or manager acting as a manager.(b) The mere failure of a limitedliability company to observe any particular formalities relating to the exerciseof its powers or management of its activities is not a ground for imposingliability on the members or managers for the debts, obligations, or otherliabilities of the company.(c) Any member, manager, or employee of a limitedliability company with the duty to collect, account for, or pay over any taxesimposed upon a limited liability company or with the authority to decide whetherthe limited liability company will pay taxes imposed upon a limited liabilitycompany shall be personally liable for the payment of such taxes in the eventof willful failure on his or her part to have a limited liability companyperform such act. Such taxes shall be collected in the same manner as providedunder section 77-1783.01. SourceLaws 2010, LB888, § 29.Operative Date: January 1, 2011