Liability of members for acts of cooperative.

  1. Law
  2. South Dakota Codified Laws
  3. Corporations
  4. Rural Electric Cooperatives
  5. Liability of members for acts of cooperative.

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47-21-52. Liability of members for acts of cooperative.

No member shall be liable or responsible for any debts of the cooperative and the property of the members shall not be subject to execution therefor.

Source: SL 1947, ch 33, §25; SDC Supp 1960, §11.2225.


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