Tennessee Code 65-29-123 – Nonliability of members for debts of cooperative
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Tennessee Code 65-29-123
- Member: means each incorporator of a cooperative and each person admitted to and retaining membership in the cooperative, and includes a husband and wife admitted to joint membership. See Tennessee Code 65-29-103
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.