La. Corporations and Associations § 12:422

Current with operative changes from the 2024 Third Special Legislative Session

Section 12:422 - Non-liability of members for debts of cooperative

The private property of the members of a cooperative shall be exempt from execution for the debts of the cooperative and no member shall be liable or responsible for any debts of the cooperative.

La. Corporations and Associations § 12:422

Renumbered from R.S.1950, §12:322 by Acts 1968, No. 105, §3, eff. Jan. 1, 1969.

Renumbered from R.S.1950, §12:322 by Acts 1968, No. 105, §3, eff. 1/1/1969.