No liability as member for association’s obligations.

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  4. No liability as member for association’s obligations.

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NO LIABILITY AS MEMBER FOR ASSOCIATION’S OBLIGATIONS. Unless the articles of organization otherwise provide, a debt, obligation, or other liability of a limited cooperative association is solely that of the association and is not the debt, obligation, or liability of a member solely by reason of being a member.

Added by Laws 2009, c. 68, § 43, eff. Jan. 1, 2010.


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