SECTION 425.23. Nonliability of members for debts of cooperative.

Latest version.

1The private property of the members of a cooperative shall be exempt from execution for the debts of the cooperative and no member shall be liable or responsible for any debts of the cooperative.

History.-s. 22, ch. 19138, 1939; CGL 1940 Supp. 6494(65).

Bills Cite this Section:

None

Authorized Rulemaking (2):

Implemented Rule (12):

Cited by Court Cases:

None

                    
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