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When Is a Member or Manager of a Limited Liability

Question 97

Multiple Choice

When is a member or manager of a limited liability company,who negligently injures someone,personally liable to the injured person?


A) only if the limited liability company lacks the funds with which to pay
B) only if the member or manager has resigned from the limited liability company before a final judgment is issued for the injured party
C) only if the member or manager can be said to have acted "recklessly," rather than "negligently"
D) only if punitive damages are awarded
E) A member or manager of a limited liability company who negligently injures someone is always personally liable to the injured person.

Correct Answer:

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