ORS 62.215: Limitation of liability of members and shareholders.
Where this section sits in the code
- 02 - Business Organizations, Commercial Code
- 7. Corporations and Partnerships
- Chapter 62 — Cooperatives
Except for debts lawfully contracted between a member or shareholder and the cooperative, no member or shareholder is liable for the acts or debts of the cooperative to an amount exceeding the sum remaining unpaid on the subscription of the member or shareholder for shares of the cooperative, and the sum remaining unpaid on such member’s membership fee if such fee is required by the cooperative.
Collected 2026-09-03T23:50:10Z. Source file · JSON