eCourse
Limiting Liability: Provisions in Partnership and Company Agreements; Plus LLCs and Veil Piercing
Contains material from Aug 2021
Limiting Liability: Provisions in Partnership and Company Agreements; Plus LLCs and Veil Piercing
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Session 1: Provisions Limiting Liability and Duties in Partnership and Company Agreements - This panel will discuss the effectiveness and limitations on provisions of partnership and company agreements which provide for the modification of duties, exoneration from liability and indemnification with respect to claims against managers, members and other employees and agents.
Session 2: LLC’s and Veil Piercing - Effective 2011, the Texas Business Organizations Code was amended to clarify that the liability shield for shareholders of Texas corporations also applies for members of Texas limited liability companies. Examine these TBOC provisions and also explore how courts have (and have not) applied the statute in the decade since these provisions were adopted. Analyze “reverse piercing” (holding an LLC liable for claims against its members).
Session 2: LLC’s and Veil Piercing - Effective 2011, the Texas Business Organizations Code was amended to clarify that the liability shield for shareholders of Texas corporations also applies for members of Texas limited liability companies. Examine these TBOC provisions and also explore how courts have (and have not) applied the statute in the decade since these provisions were adopted. Analyze “reverse piercing” (holding an LLC liable for claims against its members).
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1.
Provisions Limiting Liability and Duties in Partnership and Company Agreements (Aug 2021)
Christine Hurt, Robert R. Keatinge
0.75
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0.00
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Session 1
—46 mins
Provisions Limiting Liability and Duties in Partnership and Company Agreements (Aug 2021)
This panel will discuss the effectiveness and limitations on provisions of partnership and company agreements which provide for the modification of duties, exoneration from liability and indemnification with respect to claims against managers, members and other employees and agents.
Originally presented: Jul 2021 LLCs, LPs and Partnerships
Christine Hurt,
Brigham Young University - Provo, UT
Robert R. Keatinge,
Holland & Hart LLP - Denver, CO
Show session details
2.
LLC’s and Veil Piercing (Aug 2021)
Cliff Ernst
0.75
0.00
0.00
Preview Materials
Download session materials for offline use
Session 2
—46 mins
LLC’s and Veil Piercing (Aug 2021)
Effective 2011, the Texas Business Organizations Code was amended to clarify that the liability shield for shareholders of Texas corporations also applies for members of Texas limited liability companies. Examine these TBOC provisions and also explore how courts have (and have not) applied the statute in the decade since these provisions were adopted. Analyze “reverse piercing” (holding an LLC liable for claims against its members).
Originally presented: Jul 2021 LLCs, LPs and Partnerships
Cliff Ernst,
McGinnis Lochridge - Austin, TX