UTAH CODE (Last Updated: January 16, 2015) |
Title 16. Corporations |
Chapter 16. Uniform Limited Cooperative Association Act |
Part 5. Members |
§ 16-16-504. No liability as member for association's obligations.
Latest version.
- Unless the articles of organization otherwise provide, a debt, obligation, or other liability of a limited cooperative association is solely that of the association and is not the debt, obligation, or liability of a member solely by reason of being a member.
Enacted by Chapter 363, 2008 General Session