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

North Dakota Statutes

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

North Dakota·Title 10 Corporations·Ch. 10-15 Cooperative Associations

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.

North Dakota § 10-15-31 (Liability of directors and members) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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