No member or shareholder shall be liable or responsible for any debts of the cooperative, and the property of the members and shareholders shall not be subject to execution therefor.
Ark. Code Ann. § 23-17-233
Nonliability of members and shareholders for debts of cooperatives
Acts 1951, No. 51, § 34; A.S.A. 1947, § 77-1634.
Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.