A member shall not be liable for the debts of an electric cooperative corporation to an amount exceeding the sums remaining unpaid on his membership fee, but nothing in this chapter shall be construed to relieve any member from the payment of any debt due by him to the corporation.
15 Pa.C.S. § 7323
Exemption of members from liability for debts of corporation
Known as the Electric Cooperative Law
The act spans §§ 15-7301 to 15-7359 (32 sections).
Official source: Pennsylvania General Assembly. Reproduced from public-domain Pennsylvania statutes; confirm against the official source for the current text. Not legal advice.