Topic: limited-liability

• Are members of a cooperative personally liable for its debts? faq

  Not merely because they are members, but a member is liable for any unpaid subscription, unpaid membership fees, or a debt the member separately contracted with the cooperative.

• § 308B.505 Member Not Liable For Cooperative Debts statute

  Members are not personally liable for the cooperative's debts merely because they are members, but remain liable for unpaid subscriptions, unpaid membership fees, and debts they separately contracted with the cooperative.