North Dakota § 10-15-31 Liability of directors and members

North Dakota Statutes

§ 10-15-31 — Liability of directors and members

North Dakota § 10-15-31

Title 10Corporations

Ch. 10-15Cooperative Associations

This text of North Dakota § 10-15-31 (Liability of directors and members) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 10-15-31 (2026).

Text

1.Directors, trustees, and officers, and the manager who is the person most responsible for carrying out the policies and directives of the trustees, officers, or board of directors, are immune from civil liability for any act or omission relating to their service or function as a director, trustee, officer, or manager, unless the act or omission constitutes gross or willful negligence or gross or willful misconduct.

2.Members, stockholders, and patrons of a cooperative are neither obligated to pay, nor liable upon, any cooperative obligation.

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1. Directors, trustees, and officers, and the manager who is the person most responsible
for carrying out the policies and directives of the trustees, officers, or board of
directors, are immune from civil liability for any act or omission relating to their service

or function as a director, trustee, officer, or manager, unless the act or omission
constitutes gross or willful negligence or gross or willful misconduct.
2. Members, stockholders, and patrons of a cooperative are neither obligated to pay, nor
liable upon, any cooperative obligation.

National Farmers Union Standard Insurance Company v. Souris River Telephone Mutual Aid Cooperative and Warren Hight, National Farmers Union Standard Insurance Company v. Souris River Telephone Mutual Aid Cooperative and Warren Hight, National Farmers Union Standard Insurance Company, Cross-Appellee v. Souris River Telephone Mutual Aid Cooperative and Warren Hight

75 F.3d 1268 (Eighth Circuit, 1996)

7 case citations

National Farmers Union Standard Insurance v. Souris River Telephone Mutual Aid Cooperative

75 F.3d 1268 (Eighth Circuit, 1996)

1 case citations