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2018 Nebraska Revised Statutes
Chapter 21 - CORPORATIONS AND OTHER COMPANIES
21-2932 No liability as member for limited cooperative association obligations.
Universal Citation: NE Code § 21-2932 (2018)
21-2932. No liability as member for limited cooperative association obligations.
Unless otherwise provided by the articles of organization, an obligation of a limited cooperative association, whether arising in contract, tort, or otherwise, is not the obligation of a member. A member is not personally liable, by way of contribution or otherwise, for an obligation of the limited cooperative association solely by reason of being a member.
Source
- Laws 2007, LB368, ยง 32.
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