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$1.00 If an LLC fails to follow formalities such as keeping minutes of meetings, which of the following is

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Chapter 1, # 0
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Q:

If an LLC fails to follow formalities such as keeping minutes of meetings, which of the following is true?

 

                  A.    Only the managers of a manager-managed LLC will lose limited liability.

 

                  B.    All members will lose their limited liability.

 

                  C.    This failure will not result in imposing personal liability on any member.

 

                  D.    Only the parties responsible for the failure will lose limited liability.

 

 

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If an LLC fails to follow formalities such as keeping minutes of meetings, which of the following is
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Preview: ... members will lose their limited liability.                     C.    This failure will not resu ...
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