Guam § 15115 - (I). Personal Liability of Manager or Officer.

Full text of Guam Guam Code Annotated § 15115 — (I). Personal Liability of Manager or Officer., with citation guidance and answers to common questions.

§ 15115. (I). Personal Liability of Manager or Officer.

No person who is a manager or officer or both a manager

and officer of a limited liability company shall be personally

COL6/24/2021

18 GCA BUSINESS STRUCTURE & FUNCTION

liable under any judgment of a court, or in any other manner, for

any debt, obligation, or liability of the limited liability company,

whether that liability or obligation arises in contract, tort, or

otherwise, solely by reason of being a manager or officer, or

both a manager and officer of the limited liability company.

Source: official Guam text · Last verified 2026-08-27

Related Guam Legal Topics

Frequently Asked Questions About Guam § 15115

What does Guam Code Annotated § 15115 cover?

Section 15115 ("(I). Personal Liability of Manager or Officer.") is part of the Guam Code Annotated, the codified statutory law of Guam. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Guam § 15115?

A common citation format is "Guam Code Annotated § 15115" (Guam). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Guam law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Guam official source linked on this page or consult a licensed Guam attorney.

How does Guam § 15115 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Guam can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Guam.