Nebraska § 21-2954 No liability as director for limited cooperative association's obligations

Nebraska Statutes

§ 21-2954 — No liability as director for limited cooperative association's obligations

Nebraska·Ch. 21 Corporations and Other Companies

An obligation of a limited cooperative association, whether arising in contract, tort, or otherwise, is not the obligation of a director. A director is not personally liable, directly or indirectly, by way of contribution or otherwise, for an obligation of the limited cooperative association solely by reason of being a director.

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