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.
Mo. Rev. Stat. § 394.270
Members not to be liable for debts of cooperative
Known as the The Rural Electric Cooperative Law
The act spans §§ 394–394 (34 sections).
Effective: 28 Aug 1939; (RSMo 1939 § 5407)
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.