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Code · Illinois · Chapter 205 — FINANCIAL REGULATION · Act 305

Sec. 18. Liability of members.

55 words·~1 min read·/il/chapter-205/act-305/18

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Sec. 18. Liability of members. The members of the credit union shall not be personally or individually liable for the payment of its debts. A reduction in shares as provided for in Section 45 of this Act shall not be considered as imposing such individual or personal liability upon the members of the credit union.
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