Members and their property exempt from liability for cooperative's debts.

  1. Law
  2. South Carolina Code of Laws
  3. Corporations, Partnerships and Associations
  4. Telephone Cooperative Act
  5. Members and their property exempt from liability for cooperative's debts.

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The private property of the members of a telephone cooperative is exempt from execution for the debts of the telephone cooperative, and no member is liable or responsible for any debts of the telephone cooperative.

HISTORY: 1994 Act No. 392, Section 1.


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