Pennsylvania § 7323 Exemption of members from liability for debts of corporation

Pennsylvania Statutes

§ 7323 — Exemption of members from liability for debts of corporation

Pennsylvania § 7323

JurisdictionPennsylvania

Title 15CORPORATIONS AND UNINCORPORATED ASSOCIATIONS

PartPART II

Ch. 73ELECTRIC COOPERATIVE CORPORATIONS

Subch.POWERS, DUTIES AND SAFEGUARDS

This text of Pennsylvania § 7323 (Exemption of members from liability for debts of corporation) is published on Counsel Stack Legal Research, covering Pennsylvania primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

15 Pa. Cons. Stat. § 7323 (2026).

Text

A member shall not be liable for the debts of an electric cooperative corporation to an amount exceeding the sums remaining unpaid on his membership fee, but nothing in this chapter shall be construed to relieve any member from the payment of any debt due by him to the corporation.

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