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Code · Louisiana · Title 12 — Corporations and Associations

RS 12:422

58 words·~1 min read·/la/title-12/12-423

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RS 12:422
§422. Non-liability of members for debts of cooperative
The 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.
Renumbered from R.S.1950, §12:322 by Acts 1968, No. 105, §3, eff. Jan. 1, 1969.
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