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Chapter 308B
Section 308B.505
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308B.505 Member not liable for cooperative debts.
A member is not, merely on the account of that status, personally liable for the acts, debts, liabilities, or obligations of a cooperative. A member is liable for any unpaid subscription for the membership interest, unpaid membership fees, or a debt for which the member has separately contracted with the cooperative.
HIST: 2003 c 105 art 1 s 39
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