§ 16-6a-607. Creditor's action against member.

Latest version.

A proceeding may not be brought by a creditor to reach the liability, if any, of a member to the nonprofit corporation unless:

(1)

(a) final judgment has been rendered in favor of the creditor against the nonprofit corporation; and

(b) execution has been returned unsatisfied in whole or in part; or

(2) a proceeding described in Subsection (1) would be useless.

Enacted by Chapter 300, 2000 General Session

                    
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