Liability for Assessments Made Before Exclusion — Penalty — Limitation of Actions

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  5. Liability for Assessments Made Before Exclusion — Penalty — Limitation of Actions

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A member liable under §56-20-110 shall remain liable for the payment of any assessment made prior to the member's exclusion, and for the penalty provided in §56-20-108, in case action has been or shall be brought against the member therefor, within twelve (12) months after the time it was due.


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