Section 501A.802. Member liability.

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A member is not, merely on the account of that status, personally liable for the acts, debts, liabilities, or obligations of a cooperative. A member is liable for any unpaid subscription for the membership interest, unpaid membership fees, or a debt for which the member has separately contracted with the cooperative.
2005 Acts, ch 135, §52
See also §501A.714

                    
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