805 ILCS 317/55: Assembly.
Where this section sits in the code
- CHAPTER 805 BUSINESS ORGANIZATIONS
- Limited Worker Cooperative Association Act.
(a) A limited worker cooperative association, other than a collective worker cooperative, must have an assembly as constituted by the body of voting members.
(b) An individual is not an agent for a limited worker cooperative association solely by being a member of the assembly.
(c) A debt, obligation, or other liability of a limited worker cooperative association is solely that of the association and is not a debt, obligation, or liability of a member of the assembly solely by reason of being a voting member. An individual is not personally liable, directly or indirectly, for an obligation of an association solely by reason of being a voting member.
Collected 2026-09-15T04:46:47Z. Source file · JSON