Minnesota Statutes
§ 308B.505 — MEMBER NOT LIABLE FOR COOPERATIVE DEBTS
Minnesota § 308B.505
JurisdictionMinnesota
PartBUSINESS, SOCIAL, AND CHARITABLE ORGANIZATIONS
Ch. 308BCOOPERATIVE ASSOCIATIONS ACT
This text of Minnesota § 308B.505 (MEMBER NOT LIABLE FOR COOPERATIVE DEBTS) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Minn. Stat. § 308B.505 (2026).
Text
A member is not, merely on the account of that status, personally liable for the acts, debts, liabilities, or obligations of a cooperative. A member is liable for any unpaid subscription for the membership interest, unpaid membership fees, or a debt for which the member has separately contracted with the cooperative.
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Legislative History
2003 c 105 art 1 s 39
Nearby Sections
15
§ 308B.001
CITATION§ 308B.005
DEFINITIONS§ 308B.101
RESERVATION OF RIGHT§ 308B.111
FILING FEES§ 308B.115
REGISTERED OFFICE AND AGENT§ 308B.121
ANNUAL RENEWAL§ 308B.201
ORGANIZATIONAL PURPOSE§ 308B.205
ORGANIZERS§ 308B.211
COOPERATIVE NAME§ 308B.215
ARTICLES OF ORGANIZATION§ 308B.221
AMENDMENT OF ARTICLES§ 308B.231
CURATIVE FILINGCite This Page — Counsel Stack
Bluebook (online)
Minnesota § 308B.505, Counsel Stack Legal Research, https://law.counselstack.com/statute/mn/308B/308B.505.