17-4625. Nonliability of members for debts of cooperative.

17-4625

Chapter 17.--CORPORATIONS Article 46.--ELECTRIC COOPERATIVE, NONPROFIT, MEMBERSHIP CORPORATIONS

      17-4625.   Nonliability of members for debts of cooperative. No member shall be liable or responsible for any debts of the cooperative and the property of the members shall not be subject to execution therefor.

      History:   L. 1941, ch. 185, § 25; June 30.