617.0604 Liability of members.
40 words·~1 min read·
/fl/title-xxxvi/chapter-617/617-0604·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)A member of a corporation is not, as such, personally liable for any act, debt, liability, or obligation of the corporation.
(2)A member may become liable to the corporation for dues, assessments, or fees as provided by law.