501A.802 Member liability.
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/ia/chapter-501a-cooperative-associations-act/501a-802·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A member is not, merely on the 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.
See also §501A.714