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.
Tenn. Code Ann. § 65-29-123
Nonliability of members for debts of cooperative
Known as the Telephone Cooperative Act
The act spans §§ 65-29-101 to 65-29-134 (34 sections).
Acts 1961, ch. 330, § 22; T.C.A., § 65-2923.
Current official text: Tennessee Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Tennessee statutes; confirm against the official source for the current text. Not legal advice.