§ 4842. Penalties
TITLE 4: ECONOMIC RESOURCES DIVISION 4: CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS § 4842. Limited Liability Company Liable for Member’s or Manager’s Actionable Conduct. A limited liability company is liable for loss or injury caused to a person, or for a penalty incurred, as a result of a wrongful act or omission, or other actiona- ble conduct, of a member or manager acting in the ordinary course of business of the company or with authority of the company. Source: PL 14-11, § 2 (302). Commission Comment: See the comment to 4 CMC § 4801 regarding PL 14-11.
Source: CNMI Law Revision Commission