2011 Alaska Statutes
Title 10. CORPORATIONS AND ASSOCIATIONS
Chapter 10.15. ALASKA COOPERATIVE CORPORATION ACT
Sec. 10.15.090. Limitation of liability of members.


AK Stat § 10.15.090 (through 27th Leg Sess 2012) What's This?

Except for a debt lawfully contracted between a member and the cooperative, a member is not liable for the debts of the cooperative in an amount exceeding the sum remaining unpaid on the member's subscription for shares of the cooperative, and the sum remaining unpaid on the member's membership fee if a fee is required by the cooperative.

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