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Minnesota · Through 2025 Minnesota Statutes

Minn. Stat. § 308B.505: MEMBER NOT LIABLE FOR COOPERATIVE DEBTS.

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Where this section sits in the code
  1. BUSINESS, SOCIAL, AND CHARITABLE ORGANIZATIONS
  2. CHAPTER 308B. COOPERATIVE ASSOCIATIONS ACT
  3. 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

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