Vermont § 4042 - Liability of members and managers
Full text of Vermont Vermont Statutes Online § 4042 — Liability of members and managers, with citation guidance and answers to common questions.
§ 4042. 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 the manager acting as a manager. (b) The failure of a limited liability company to observe any particular formalities relating
to the exercise of its power or management of its activities is not a ground for imposing
liability on a member or manager for the debts, obligations, or other liabilities
of the company. (Added 2015, No. 17, § 2.)
Source: official Vermont text · Last verified 2026-08-27
Frequently Asked Questions About Vermont § 4042
What does Vermont Statutes Online § 4042 cover?
Section 4042 ("Liability of members and managers") is part of the Vermont Statutes Online, the codified statutory law of Vermont. 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 Vermont § 4042?
A common citation format is "Vermont Statutes Online § 4042" (Vermont). 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 Vermont law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.
How does Vermont § 4042 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont 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 Vermont.