Statutes > Tennessee Statutes > Title 65 - Public Utilities And Carriers > Chapter 29 - Telephone Cooperatives > 65-29-123 - Nonliability of members for debts of cooperative.

65-29-123 - Nonliability of members for debts of cooperative.

65-29-123. Nonliability of members for debts of cooperative.

The private property of the members of a cooperative shall be exempt from execution for the debts of the cooperative, and no member shall be liable or responsible for any debts of the cooperative.

[Acts 1961, ch. 330, § 22; T.C.A., § 65-2923.]