Tennessee Statutes
§ 43-38-529 — Member liability
Tennessee·Title 43
A member is not, merely on account of that status, personally liable for the acts, debts, liabilities, or obligations of a cooperative. A member is liable for any unpaid subscription for the membership interest, unpaid membership fees, or a debt for which the member has separately contracted with the cooperative.
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Legislative History
Acts 2004, ch. 534, § 22.
Nearby Sections
15
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Qualifications of commissioner§ 43-1-106
Duties of commissioner§ 43-1-107
Annual planting and harvest seasons§ 43-1-113
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Definition of livestock - Applicability§ 43-1-502
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Terms of members