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Code · Pennsylvania · Title 15 — CORPORATIONS AND UNINCORPORATED ASSOCIATIONS · Chapter 73

§ 7323. Exemption of members from liability for debts of corporation.

62 words·~1 min read·/pa/title-15/chapter-73/7323

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§ 7323. Exemption of members from liability for debts of corporation.
A member shall not be liable for the debts of an electric cooperative corporation to an amount exceeding the sums remaining unpaid on his membership fee, but nothing in this chapter shall be construed to relieve any member from the payment of any debt due by him to the corporation.
15c7324s
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