GroundRules
15 Pa.C.S. § 7323: Exemption of members from liability for debts of corporation.
Where this section sits in the code
- Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
- PART II CORPORATIONS
- SUBPART D COOPERATIVE CORPORATIONS
- ARTICLE B DOMESTIC COOPERATIVE CORPORATION ANCILLARIES
- CHAPTER 73 ELECTRIC COOPERATIVE CORPORATIONS
- SUBCHAPTER B POWERS, DUTIES AND SAFEGUARDS
A member shall not be liable for the debts of an electric cooperative corporation to an amount exceeding the sums remaining unpaid on his membership fee, but nothing in this chapter shall be construed to relieve any member from the payment of any debt due by him to the corporation.
Collected 2026-09-02T16:31:13Z. Source file · JSON