Statutes > Arkansas Statutes > Title 23 - Public Utilities and Regulated Industries > Subtitle 1 - Public Utilities And Carriers > Chapter 17 - Telephone and Telegraph Companies > Subchapter 2 - Rural Telecommunications Cooperatives > § 23-17-233 - Nonliability of members and shareholders for debts of cooperatives.

§ 23-17-233 - Nonliability of members and shareholders for debts of cooperatives.

23-17-233. Nonliability of members and shareholders for debts of cooperatives.

No member or shareholder shall be liable or responsible for any debts of the cooperative, and the property of the members and shareholders shall not be subject to execution therefor.