Iowa Code 501.301 – Liability of members
Current as of: 2023 | Check for updates
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Terms Used In Iowa Code 501.301
- Cooperative: means a cooperative association organized under this chapter or converted to this chapter pursuant to section 501. See Iowa Code 501.101
- Member: means a person who owns a voting interest in a cooperative. See Iowa Code 501.101
A member is not personally liable for the acts or debts of the cooperative.