: liability (as of a stockholder or shipowner) limited by statute or treaty
Examples of limited liability in a Sentence
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Grace Ocean Private Limited and Synergy filed a limited liability claim in Maryland federal court in April, trying to stave off future demands from people and entities harmed by the bridge collapse.—N'dea Yancey-Bragg, USA TODAY, 17 Sep. 2024 At this point, an assignment order may sound suspiciously like a charging order which similarly reassigns the distributions due to a debtor from a partnership or limited liability company to a creditor.—Jay Adkisson, Forbes, 13 Oct. 2024 Layers of limited liability companies, or LLCs, are also common.—Alicia Adamczyk, Fortune, 8 Oct. 2024 The home’s tax bills are sent to the limited liability company, in care of Garvey’s mother-in-law, to an address in La Quinta, Calif., property records show.—Laura J. Nelson, Los Angeles Times, 7 Oct. 2024 See all Example Sentences for limited liability
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