New Jersey § 42:2c-30
Full text of New Jersey New Jersey Statutes § 42:2c-30, with citation guidance and answers to common questions.
§ 42:2c-30.
Liability of Members and Managers. a. The debts, obligations, or other liabilities of a limited liability company, whether
arising in contract, tort, or otherwise: (1) are solely the debts, obligations, or other liabilities of the company; and (2) do not become the debts, obligations, or other liabilities of a member or manager
solely by reason of the member acting as a member or manager acting as a manager. b. The failure of a limited liability company to observe any particular formalities
relating to the exercise of its powers or management of its activities is not a ground
for imposing liability on the members or managers for the debts, obligations, or other
liabilities of the company.
Frequently Asked Questions About New Jersey § 42:2c-30
What does New Jersey Statutes § 42:2c-30 cover?
Section 42:2c-30 is part of the New Jersey Statutes, the codified statutory law of New Jersey. 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 New Jersey § 42:2c-30?
A common citation format is "New Jersey Statutes § 42:2c-30" (New Jersey). 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 New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 42:2c-30 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey 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 New Jersey.