21-2932. No liability as member for limited cooperative association obligations.
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/ne/chapter-21/21-2932A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Unless otherwise provided by the articles of organization, an obligation of a limited cooperative association, whether arising in contract, tort, or otherwise, is not the obligation of a member. A member is not personally liable, by way of contribution or otherwise, for an obligation of the limited cooperative association solely by reason of being a member.