Minn. Stat. § 308B.505: MEMBER NOT LIABLE FOR COOPERATIVE DEBTS.
Where this section sits in the code
- BUSINESS, SOCIAL, AND CHARITABLE ORGANIZATIONS
- CHAPTER 308B. COOPERATIVE ASSOCIATIONS ACT
- 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 2026-09-02T22:10:41Z. Source file · JSON