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2018 Nebraska Revised Statutes
Chapter 21 - CORPORATIONS AND OTHER COMPANIES
21-2954 No liability as director for limited cooperative association's obligations.
Universal Citation: NE Code § 21-2954 (2018)
21-2954. No liability as director for limited cooperative association's obligations.
An obligation of a limited cooperative association, whether arising in contract, tort, or otherwise, is not the obligation of a director. A director is not personally liable, directly or indirectly, by way of contribution or otherwise, for an obligation of the limited cooperative association solely by reason of being a director.
Source
- Laws 2007, LB368, ยง 54.
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