21-2954 No liability as director for limited cooperative association's obligations. - Nebraska Statutes

21-2954. No liability as director for limited cooperative association's obligations.An obligation of a limited cooperative association, whether arising in contract, tort, or otherwise, is not the obligation of a director. A director is not personally liable, directly or indirectly, by way of contribution or otherwise, for an obligation of the limited cooperative association solely by reason of being a director. SourceLaws 2007, LB368, § 54.