Louisiana Revised Statutes 12:1341 – Liability of members of dissolved limited liability companies
Terms Used In Louisiana Revised Statutes 12:1341
- Member: means a person with a membership interest in a limited liability company with the rights and obligations specified under this Chapter. See Louisiana Revised Statutes 12:1301
A. A member of a dissolved limited liability company, which has followed the procedures set forth in La. Rev. Stat. 12:1338, shall not be liable for any claim against the limited liability company in an amount in excess of such member’s pro rata share of the claim or the amount so distributed to him, whichever is less.
B. A member of a dissolved limited liability company, which has followed the procedures set forth in La. Rev. Stat. 12:1338, shall not be liable for any claim against the limited liability company on which an action, suit, or proceeding has not begun prior to the expiration of the periods described in La. Rev. Stat. 12:1338(C) and (D).
C. The aggregate liability of any member of a dissolved limited liability company for claims against the dissolved limited liability company shall not exceed the amount distributed to him in dissolution.
Acts 1992, No. 780, §2, eff. July 7, 1992.