Montana § 35-18-302 Nonliability Of Members, Trustees, And Officers For Debts Of Cooperative

Montana Statutes

§ 35-18-302 — Nonliability Of Members, Trustees, And Officers For Debts Of Cooperative

Montana § 35-18-302

Title 35CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS

Ch. 18RURAL COOPERATIVE UTILITIES

Part 3Operation -- Members, Trustees, and Officers

This text of Montana § 35-18-302 (Nonliability Of Members, Trustees, And Officers For Debts Of Cooperative) is published on Counsel Stack Legal Research, covering Montana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mont. Code Ann. § 35-18-302 (2026).

Text

35-18-302 . Nonliability of members, trustees, and officers for debts of cooperative.

(1)The private property of the members of a cooperative is exempt from execution for the debts of the cooperative, and a member is not liable or responsible for any debts or obligations of the cooperative.

(2)A trustee or officer of a cooperative or acting for a cooperative is not personally liable to the cooperative or its members for any actions taken or a failure to take action as a trustee or officer unless:

(a)the trustee or officer fails to perform the trustee's or officer's responsibilities, including those provided in 35-18-325 and 35-18-326 ; and

(b)the failure to perform constitutes willful misconduct or recklessness.

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35-18-302 . Nonliability of members, trustees, and officers for debts of cooperative. (1) The private property of the members of a cooperative is exempt from execution for the debts of the cooperative, and a member is not liable or responsible for any debts or obligations of the cooperative.
(2) A trustee or officer of a cooperative or acting for a cooperative is not personally liable to the cooperative or its members for any actions taken or a failure to take action as a trustee or officer unless:
(a) the trustee or officer fails to perform the trustee's or officer's responsibilities, including those provided in 35-18-325 and 35-18-326 ; and
(b) the failure to perform constitutes willful misconduct or recklessness.