: liability (as of a stockholder or shipowner) limited by statute or treaty
Examples of limited liability in a Sentence
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Fannie Mae contended that limited liability company failed to maintain the building according to its loan agreement and accelerated the loan payments.—Robert A. Cronkleton, Kansas City Star, 19 Mar. 2025 The limited liability company formed by developer Hal Kern III and his H.M. Kern Corp. to build the apartments dissolved in January 2022, three months after its creation, a Charlotte Observer search of public records found.—Joe Marusak, Charlotte Observer, 3 Mar. 2025 But then in the late 1970s, out of the state of Wyoming this new vehicle appeared: limited liability companies, LLCs.—Tax Notes Staff, Forbes, 25 Feb. 2025 This includes corporations, limited liability companies, and similar entities created or registered to do business in the United States.—Matthew F. Erskine, Forbes, 19 Feb. 2025 See All Example Sentences for limited liability
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