21-2954. No liability as director for limited cooperative association's obligations.
51 words·~1 min read·
/ne/chapter-21/21-2954A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
An obligation of a limited cooperative association, whether arising in contract, tort, or otherwise, is not the obligation of a director. A director is not personally liable, directly or indirectly, by way of contribution or otherwise, for an obligation of the limited cooperative association solely by reason of being a director.