GroundRules
35-17-303: Limited liability of members.
Where this section sits in the code
- TITLE 35. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS
- CHAPTER 17. COOPERATIVE AGRICULTURAL MARKETING
- Part 3. Operation -- Members, Directors, and Officers
Except for debts lawfully contracted between a member and the association, a member is not liable for the debts of the association for an amount exceeding the sum remaining unpaid on the member's membership fee or subscription to the capital stock, including any unpaid balance on any promissory notes given in payment of the subscription.
Collected 2026-09-14T04:53:32Z. Source file · JSON