3978

A member, manager or liquidating trustee of an LLC shall be fully protected in relying in good faith upon the records of the LLC and upon information, opinions, reports or statements presented by another manager, member or liquidating trustee, an officer or employee of the LLC, or committees of the LLC, members or managers, or by any other person as to matters the member, manager or liquidating trustees reasonably believes are within such other person’s professional or expert competence, including information, opinions, reports or statements as to the value or amount of the assets, liabilities, profits or losses of the LLC, or the value and amount of assets or reserves or contracts, agreements or other undertakings that would be sufficient to pay claims and obligations or any other facts pertinent to the existence and amount of assets from which distributions to members or creditors might properly be paid.\nHistory —Dec. 16, 2009, No. 164, § 19.28.