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2012 Arkansas Code
Title 4 - Business and Commercial Law
Subtitle 3 - Corporations And Associations
Chapter 30 - Cooperative Associations
Subchapter 1 - -- General Provisions
§ 4-30-117 - Liability of members for association's debts.


AR Code § 4-30-117 (2012) What's This?

Except for debts lawfully contracted between him or her and the association, no member shall be liable for the debts of the association to an amount exceeding the sum remaining unpaid on his or her membership fee or subscription to the capital stock, including any unpaid balance on any promissory notes given in payment thereof.

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