Pennsylvania Statutes
§ 7323 — Exemption of members from liability for debts of corporation
Pennsylvania·Title 15 CORPORATIONS AND UNINCORPORATED ASSOCIATIONS·Part PART II·Ch. 73 ELECTRIC COOPERATIVE CORPORATIONS·Subch. POWERS, DUTIES AND SAFEGUARDS
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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Nearby Sections
15
§ 7301
Short titles§ 7302
Application of chapter§ 7303
Definitions§ 7305
Purpose§ 7308
Liberal construction§ 7322
Bylaws§ 7326
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