2025 Session
Last amended: 2014 session
§ 322C.0113 — Office and Agent for Service of Process
Plain-Language Summary
The operating agreement may limit the personal liability of members and managers for breaches of duty, except for bad faith or intentional misconduct.
322C.0113 OFFICE AND AGENT FOR SERVICE OF PROCESS.
Every limited liability company shall have a registered office and may have a registered agent, in the manner prescribed by section 5.36.
History:
History: History:
2014 c 157 art 1 s 13
Practical Notes
Your LLC’s operating agreement can limit personal liability for honest mistakes, but not for intentional wrongdoing.