Legal Question in Business Law in Delaware

I am an investor in real estate with 35 other unrelated investors. i have been asked to serve on a committee to gather information about the management company that manages the properties for the investors. do i have personal liability if i agree to serve on this committee?

Asked on 12/27/12, 1:10 pm

2 Answers from Attorneys

Glenn Brown Real World Law, P.C.

That's a good question and I likely have liability if I give you an incorrect answer upon which you rely to your detriment. So I am not willing to incur this liability without knowing the rest of the facts for free. Good luck to you.

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Answered on 12/27/12, 1:23 pm

Roman Fichman Esq. Law Practice of Roman Fichman Esq.

Generally speaking, potentially yes. One would need to further analyze the governing structure of the management/investment company and the type of decisions the committee will be undertaking to provide an answer in your particular case.

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Answered on 12/27/12, 2:52 pm

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