There is a newer version
of
this Statute
2021 Louisiana Laws
Revised Statutes
Title 12 - Corporations and Associations
§422. Non-liability of members for debts of cooperative
Universal Citation: LA Rev Stat § 12:422 (2021)
RS 422 - Non-liability of members for debts of cooperative
The private property of the members of a cooperative shall be exempt from execution for the debts of the cooperative and no member shall be liable or responsible for any debts of the cooperative.
Renumbered from R.S.1950, §12:322 by Acts 1968, No. 105, §3, eff. Jan. 1, 1969.
Disclaimer: These codes may not be the most recent version. Louisiana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
