Delaware Code Title 7 Sec. 4356 – Liability of tax lagoon officers
Current as of: 2023 | Check for updates
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No lagoon manager or other officer of a tax lagoon shall be held personally liable for the obligations of the tax lagoon. The tax lagoon shall indemnify the lagoon managers or other officers in accordance with § 4003 of Title 10 for all tort claims.
Terms Used In Delaware Code Title 7 Sec. 4356
- Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.