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.
Fla. Stat. § 425.23
Nonliability of members for debts of cooperative
Known as the Rural Electric Cooperative Law
The act spans §§ 425–425 (31 sections).
History.--s. 22, ch. 19138, 1939; CGL 1940 Supp. 6494(65).
Official source: Online Sunshine (Florida Legislature). Reproduced from public-domain Florida statutes; confirm against the official source for the current text. Not legal advice.