Oregon Statutes 63.170 – Liability of limited liability company for acts, omissions or conduct of member or manager
Current as of: 2023 | Check for updates
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A limited liability company is liable for loss or injury caused to a person, or for a penalty incurred, as a result of a wrongful act or omission, or other actionable conduct, of a member or manager acting in the ordinary course of the business of the limited liability company or with authority of the limited liability company. [1999 c.86 § 7]
Terms Used In Oregon Statutes 63.170
- Manager: means a person, not necessarily a member, that the members of a manager-managed limited liability company designate to manage the limited liability company's business and affairs. See Oregon Statutes 63.001
- Member: means a person with both an ownership interest in a limited liability company and all the rights and obligations of a member specified under this chapter. See Oregon Statutes 63.001
- Person: means an individual or entity. See Oregon Statutes 63.001
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