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Code · Utah · Title 16 — Corporations · Chapter 16

16-16-504. No liability as member for association's obligations.

58 words·~1 min read·/ut/title-16/chapter-16/16-16-504

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16-16-504. No liability as member for association's obligations.
Unless the articles of organization otherwise provide, a debt, obligation, or other liability of a limited cooperative association is solely that of the association and is not the debt, obligation, or liability of a member solely by reason of being a member.
Enacted by Chapter 363 , 2008 General Session
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