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O.C.G.A. § 14-3-611 — Limitation on members' liability | Georgia Code

O.C.G.A. § 14-3-611 (2018) Copy Cite Official Site Syfertize CourtListener Scholar Amendments

TITLE 14 CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS

Section 3. Nonprofit Corporations, 14-3-101 through 14-3-1703.

ARTICLE 6 MEMBERSHIP

14-3-611. Limitation on members' liability.

A member of a corporation is not, as such, personally liable for the acts, debts, liabilities, or obligations of the corporation.

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

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.

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