O.C.G.A.

O.C.G.A. § 14-11-314 (2019)

Professional relationships

✓ O.C.G.A. — 2019 edition (Public.Resource.Org Release 73)

Code text and O.C.G.A. statutory annotations on this page reflect the 2019 Official Code of Georgia Annotated (Public.Resource.Org Release 73, 2019-08-21; public domain per Georgia v. Public.Resource.Org, 2020). The Syfert case-law annotations in Notes of Decisions, below, are current.

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This chapter does not alter any law applicable to the relationship between a person rendering professional services and a person receiving those services, including liability arising out of those professional services. This chapter does not alter any law with respect to disregarding legal entities. The failure of a limited liability company to observe formalities relating to the exercise of its powers or the management of its business and affairs is not a ground for imposing personal liability on a member, manager, agent, or employee of the limited liability company for liabilities of the limited liability company.

History

(Code 1981, § 14-11-314, enacted by Ga. L. 1993, p. 123, § 1.)

Annotations

Law reviews. - For annual survey on business associations, see 66 Mercer L. Rev. 15 (2014).

ARTICLE 4 FINANCE

Notes of Decisions

Cited in 2 cases, 2004–2013 · leading case: AE Restaurant Assocs., LLC v. Giampietro (In Re Giampietro), 317 B.R. 841 (Bankr. D. Nev. 2004).

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AE Restaurant Assocs., LLC v. Giampietro (In Re Giampietro), 317 B.R. 841 (Bankr. D. Nev. 2004). · cites it 2× “Code § 17101 (b) (2004); Ga. Code Ann. § 14-11-314 (2004); Minn. Stat.”

Insituform Tech., LLC v. Cosmic Tophat, LLC, 959 F. Supp. 2d 1335 (N.D. Ga. 2013). · cites it 2× “” O.C.G.A. § 14-11-314. Thus, the fact that Cosmic TopHat failed to observe corporate formalities does not support imposing alter-ego liability.”

Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.