48-2c-605 - No formalities required to maintain limited liability.
48-2c-605. No formalities required to maintain limited liability.
The failure of a company to maintain records, to hold meetings, or to observe anyformalities or requirements imposed by this chapter or by the articles of organization or theoperating agreement is not a ground for imposing personal liability on any member, manager, oremployee for any debt, obligation, or liability of the company.
Enacted by Chapter 260, 2001 General Session