Hawaii Revised Statutes 428-302 – Limited liability company liable for member’s or manager’s actionable conduct
Current as of: 2024 | Check for updates
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Terms Used In Hawaii Revised Statutes 428-302
- Business: includes every trade, occupation, profession, and other lawful purpose, whether or not carried on for profit. See Hawaii Revised Statutes 428-101
- Limited liability company: means a limited liability company organized under this chapter. See Hawaii Revised Statutes 428-101
- Manager: means a person, whether or not a member of a manager-managed limited liability company, who is vested with authority under section 428-301(b). See Hawaii Revised Statutes 428-101
- Person: includes any individual or entity. See Hawaii Revised Statutes 428-101
A limited liability company shall be liable for loss or injury caused to any person, or for a penalty incurred, as a result of a wrongful act or omission or other actionable conduct of a member or manager acting in the ordinary course of business of the company or with authority of the company.