Utah Code § 16-16-802

Current through the 2024 Fourth Special Session
Section 16-16-802 - No liability as director for limited cooperative association's obligations

A debt, obligation, or other liability of a limited cooperative association is solely that of the association and is not a debt, obligation, or liability of a director solely by reason of being a director. An individual is not personally liable, directly or indirectly, for an obligation of an association solely by reason of being a director.

Utah Code § 16-16-802

Enacted by Chapter 363, 2008 General Session.