Alaska Statutes: AS 10.15.090. Limitation of Liability of Members.

Alaska Statutes. Title 10. Corporations and Associations Chapter 15. Alaska Cooperative Corporation Act Section 90. Limitation of Liability of Members.

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AS 10.15.090. Limitation of Liability of Members.

Except for a debt lawfully contracted between a member and the cooperative, a member is not liable for the debts of the cooperative in an amount exceeding the sum remaining unpaid on the member's subscription for shares of the cooperative, and the sum remaining unpaid on the member's membership fee if a fee is required by the cooperative.

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