§ 31403 - Liability of members - Vermont Statutes

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Statutes > Vermont > Title-08 > Chapter-221 > 31403

§ 31403. Liability of members
The members of the credit union shall not be personally or individually liable for the acts, debts, liabilities, or obligations of the credit union or the payment of the credit union's debts solely by virtue of their membership in the credit union. (Added 2005, No. 16, § 1, eff. July 1, 2005.)

State Codes and Statutes

Statutes > Vermont > Title-08 > Chapter-221 > 31403

§ 31403. Liability of members
The members of the credit union shall not be personally or individually liable for the acts, debts, liabilities, or obligations of the credit union or the payment of the credit union's debts solely by virtue of their membership in the credit union. (Added 2005, No. 16, § 1, eff. July 1, 2005.)

State Codes and Statutes

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State Codes and Statutes

Statutes > Vermont > Title-08 > Chapter-221 > 31403

§ 31403. Liability of members
The members of the credit union shall not be personally or individually liable for the acts, debts, liabilities, or obligations of the credit union or the payment of the credit union's debts solely by virtue of their membership in the credit union. (Added 2005, No. 16, § 1, eff. July 1, 2005.)