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North Dakota · Through 2026-07-31T11:12:02 · Newer source version available

N.D. Cent. Code § 10-15-31: Liability of directors and members

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Where this section sits in the code
  1. Title 10 Corporations
  2. Chapter 10-15 Cooperative Associations

1.Directors, trustees, and officers, and the manager who is the person most responsible for carrying out the policies and directives of the trustees, officers, or board of directors, are immune from civil liability for any act or omission relating to their service or function as a director, trustee, officer, or manager, unless the act or omission constitutes gross or willful negligence or gross or willful misconduct.

2.Members, stockholders, and patrons of a cooperative are neither obligated to pay, nor liable upon, any cooperative obligation.

Collected 2026-09-02T21:04:14Z. Source file · JSON

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