GroundRules
Iowa Code § 501A.802: Member liability.
Where this section sits in the code
- Title XII - BUSINESS ENTITIES (Ch. 486 - 504C)
- Chapter 501A - COOPERATIVE ASSOCIATIONS ACT
- Subchapter VIII - MEMBERS — PROPERTY — OWNERSHIP INTERESTS
- Part 1 - MEMBERS
A member is not, merely on the account of that status, personally liable for the acts, debts, liabilities, or obligations of a cooperative. A member is liable for any unpaid subscription for the membership interest, unpaid membership fees, or a debt for which the member has separately contracted with the cooperative.
Collected 2026-09-14T19:40:12Z. Source file · JSON