Tennessee Statutes

§ 43-38-529 — Member liability

Tennessee § 43-38-529

This text of Tennessee § 43-38-529 (Member liability) is published on Counsel Stack Legal Research, covering Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Tenn. Code Ann. § 43-38-529 (2026).

Text

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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Bluebook (online)
Tennessee § 43-38-529, Counsel Stack Legal Research, https://law.counselstack.com/statute/tn/43-38-529.