A member is not liable for a debt of an electric cooperative except for:
(1) a debt contracted between the member and the cooperative; or
(2) an amount not to exceed the unpaid amount of the member's membership fee.
MEMBERS NOT LIABLE FOR DEBTS OF ELECTRIC COOPERATIVE
Known as the Electric Cooperative Corporation Act
The act spans §§ 161–161 (47 sections).
Acts 1997, 75th Leg., ch. 166, Sec. 1, eff
A member is not liable for a debt of an electric cooperative except for:
(1) a debt contracted between the member and the cooperative; or
(2) an amount not to exceed the unpaid amount of the member's membership fee.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.