Governing law.

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(1) The law of this state governs:

  1. The internal affairs of a limited cooperative association; and

  2. The liability of a member as member and a director as director for the debts, obligations, or other liabilities of a limited cooperative association.

Source: L. 2011: Entire article added, (SB 11-191), ch. 197, p. 766, § 1, effective April 2, 2012.


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