State Codes and Statutes

State Codes and Statutes

Statutes > Nebraska > Chapter21 > 21-2932

21-2932. No liability as member for limited cooperative association obligations.Unless otherwise provided by the articles of organization, an obligation of a limited cooperative association, whether arising in contract, tort, or otherwise, is not the obligation of a member. A member is not personally liable, by way of contribution or otherwise, for an obligation of the limited cooperative association solely by reason of being a member. SourceLaws 2007, LB368, § 32.