Maine Statutes
§ 35-A §3706 — Nonliability of members for debts of cooperative
No member may be liable or responsible for any debts of the cooperative and the property of the members may not be subject to execution for the cooperative's debts. This section does not apply to a generation and transmission cooperative organized in accordance with subchapter IV.
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Maine § 35-A §3706 (Nonliability of members for debts of cooperative) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
PL 1987, c. 141, §A6 (NEW).
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