O.C.G.A.
O.C.G.A.

O.C.G.A. § 14-3-611 (2019)

Limitation on members' liability

✓ O.C.G.A. (archive.org 2024 item): print volumes of 2004-2024, per-volume vintage; older volumes partly replaced by 2019 Release 73 text; no 2025 or 2026 Acts
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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A member of a corporation is not, as such, personally liable for the acts, debts, liabilities, or obligations of the corporation.

History

(Code 1981, § 14-3-611, enacted by Ga. L. 1991, p. 465, § 1.)

Annotations

COMMENT

This section is taken from the Model Act. It establishes the general rule that members have no personal liability to third parties for the corporation's acts, obligations or debts.