Utah § 16-20-304 - Liability of members and managers. (Effective 10/1/2026)

Full text of Utah Utah Code § 16-20-304 — Liability of members and managers. (Effective 10/1/2026), with citation guidance and answers to common questions.

§ 16-20-304. Liability of members and managers. (Effective 10/1/2026)

Effective 10/1/2026
16-20-304.  Liability of members and managers.
(1)
(a)A debt, obligation, or other liability of a limited liability company is solely the debt, obligation, or other liability of the limited liability company.
(b)A member or manager is not personally liable, directly or indirectly, by way of contribution or otherwise, for a debt, obligation, or other liability of the limited liability company solely by reason of being or acting as a member or manager.
(c)This Subsection (1) applies regardless of the dissolution of the limited liability company.
(2)The failure of a limited liability company to observe formalities relating to the exercise of the limited liability company's powers or management of the limited liability company's activities and affairs is not a ground for imposing liability on a member or manager of the limited liability company for a debt, obligation, or other liability of the limited liability company.


Renumbered and Amended by Chapter 93, 2026 General Session

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

Related Utah Legal Topics

Frequently Asked Questions About Utah § 16-20-304

What does Utah Code § 16-20-304 cover?

Section 16-20-304 ("Liability of members and managers. (Effective 10/1/2026)") is part of the Utah Code, the codified statutory law of Utah. 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 Utah § 16-20-304?

A common citation format is "Utah Code § 16-20-304" (Utah). 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 Utah law?

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

How does Utah § 16-20-304 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Utah 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 Utah.