GroundRules
18 GCA § 17802: No Liability as Director for Limited Cooperative Association’s Obligations.
Where this section sits in the code
- Title 18: Business Structure and Function
- Division 1 - Business Structure
- Part 2 - Special Corporate Forms
- Chapter 17: Guam Uniform Limited Cooperative Association Act
- ARTICLE 8: DIRECTORS AND OFFICERS
A debt, obligation, or other liability of a limited cooperative association is solely that of the association and is not a debt, obligation, or liability of a director solely by reason of being a director. An individual is not personally liable, directly or indirectly, for an obligation of an association solely by reason of being a director.
Collected 2026-09-27T03:54:38Z. Source file · JSON