[ § 414D -86] Member's liability for dues, assessments, and fees.
57 words·~1 min read·
/hi/414d-26A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
[ § 414D -86] Member's liability for dues, assessments, and fees. A member may be liable to the corporation for dues, assessments, or fees; provided that the articles or bylaws or a resolution adopted by the board authorizing or imposing dues, assessments, or fees does not, by itself, create liability. [L 2001, c 105, pt of §1]