Maine Statutes
§ 13 §2153 — Liability for debts
A member is not liable for the debts of the association to an amount exceeding the sum remaining unpaid on the member's membership fee or subscription to the capital stock, including any unpaid balance on any promissory note given in payment thereof.
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Maine § 13 §2153 (Liability for debts) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
RR 2025, c. 1, Pt. E, §25 (COR).
Nearby Sections
15
§ 13 §2101
Board of directors§ 13 §2102
-- meetings§ 13 §2103
-- vacancies§ 13 §2105
Compensation§ 13 §2106
Charges; petition§ 13 §2107
Notice; hearing§ 13 §2108
Vote; time; majority required§ 13 §2151
Qualifications§ 13 §2152
Certificate§ 13 §2153
Liability for debts§ 13 §2154
Meetings; place§ 13 §2155
Expulsion; payment for interest§ 13 §2191
Payment; common; ownership limitations