Tennessee Statutes

§ 59-13-124 — Liability of members

Tennessee § 59-13-124

This text of Tennessee § 59-13-124 (Liability of members) 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. § 59-13-124 (2026).

Text

No member shall be liable for the debts of the association to an amount exceeding the sum remaining unpaid on the membership fee or the subscription to the capital stock, including any unpaid balance on any promissory notes given in payment thereof.

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Legislative History

Acts 1984, ch. 864, § 24.

Nearby Sections

15
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Bluebook (online)
Tennessee § 59-13-124, Counsel Stack Legal Research, https://law.counselstack.com/statute/tn/59-13-124.