§ 58-15-95. Liability on judgments. - North-carolina Statutes

State Codes and Statutes

Statutes > North-carolina > Chapter_58 > GS_58-15-95

§58‑15‑95. Liability on judgments.

Any judgment against areciprocal based upon legal process duly served as provided in this Article isbinding upon the reciprocal and upon each of the reciprocal's subscribers astheir respective interests may appear, in an amount not exceeding theirrespective contingent assessment liabilities. There is no derivative liabilityon the part of the attorney, officers, employees, agents, or subscribers'advisory committee of the reciprocal arising merely by reason of the status ofsuch persons. (1989, c. 425, s. 1.)

State Codes and Statutes

Statutes > North-carolina > Chapter_58 > GS_58-15-95

§58‑15‑95. Liability on judgments.

Any judgment against areciprocal based upon legal process duly served as provided in this Article isbinding upon the reciprocal and upon each of the reciprocal's subscribers astheir respective interests may appear, in an amount not exceeding theirrespective contingent assessment liabilities. There is no derivative liabilityon the part of the attorney, officers, employees, agents, or subscribers'advisory committee of the reciprocal arising merely by reason of the status ofsuch persons. (1989, c. 425, s. 1.)

State Codes and Statutes

Back To Homepage

State Codes and Statutes

Statutes > North-carolina > Chapter_58 > GS_58-15-95

§58‑15‑95. Liability on judgments.

Any judgment against areciprocal based upon legal process duly served as provided in this Article isbinding upon the reciprocal and upon each of the reciprocal's subscribers astheir respective interests may appear, in an amount not exceeding theirrespective contingent assessment liabilities. There is no derivative liabilityon the part of the attorney, officers, employees, agents, or subscribers'advisory committee of the reciprocal arising merely by reason of the status ofsuch persons. (1989, c. 425, s. 1.)