Nebraska Statutes

§ 21-2932 — No liability as member for limited cooperative association obligations

Nebraska·Ch. 21 Corporations and Other Companies
Unless otherwise provided by the articles of organization, an obligation of a limited cooperative association, whether arising in contract, tort, or otherwise, is not the obligation of a member. A member is not personally liable, by way of contribution or otherwise, for an obligation of the limited cooperative association solely by reason of being a member.

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Nebraska § 21-2932 (No liability as member for limited cooperative association obligations) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: Laws 2007, LB368, § 32.

Nearby Sections

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