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TENNESSEE STATUTES AND CODES
43-38-529 - Member liability.
43-38-529. Member liability.
A member is not, merely on account of that status, personally liable for the acts, debts, liabilities, or obligations of a cooperative. A member is liable for any unpaid subscription for the membership interest, unpaid membership fees, or a debt for which the member has separately contracted with the cooperative.
[Acts 2004, ch. 534, § 22.]
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