Usufruct
R.S. 12:1341

Liability of members of dissolved limited liability companies ACTIVE

A. A member of a dissolved limited liability company, which has followed the procedures set forth in R.S. 12:1338, shall not be liable for any claim against the limited liability company in an amount in excess of such member's pro rata share of the claim or the amount so distributed to him, whichever is less.

B. A member of a dissolved limited liability company, which has followed the procedures set forth in R.S. 12:1338, shall not be liable for any claim against the limited liability company on which an action, suit, or proceeding has not begun prior to the expiration of the periods described in R.S. 12:1338(C) and (D).

C. The aggregate liability of any member of a dissolved limited liability company for claims against the dissolved limited liability company shall not exceed the amount distributed to him in dissolution.

Actions

JSON Markdown Source (legis.la.gov)

References

Cited by

None.

History

  • enactment Acts 1992, No. 780, §2, eff. July 7, 1992

Section navigation

Cite R.S. 12:1341

Bluebook
La. Rev. Stat. Ann. § 12:1341 (2026).
Permalink
https://theusufruct.com/rs/title-12/section-1341
BibTeX
@misc{larevstat-12-1341,
  title        = {La. Rev. Stat. Ann. § 12:1341},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-12/section-1341},
  note         = {Snapshot 2026-05-22}
}