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UTAH STATUTES AND CODES
16-16-802 - No liability as director for limited cooperative association's obligations.
16-16-802. No liability as director for limited cooperative association's obligations.
A debt, obligation, or other liability of a limited cooperative association is solely that ofthe association and is not a debt, obligation, or liability of a director solely by reason of being adirector. An individual is not personally liable, directly or indirectly, for an obligation of anassociation solely by reason of being a director.
A debt, obligation, or other liability of a limited cooperative association is solely that ofthe association and is not a debt, obligation, or liability of a director solely by reason of being adirector. An individual is not personally liable, directly or indirectly, for an obligation of anassociation solely by reason of being a director.
Enacted by Chapter 363, 2008 General Session
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