§ 441-802. No liability as director for limited cooperative association's obligations
Oklahoma Statutes AnnotatedTitle 18. Corporations
18 Okl.St.Ann. § 441-802
§ 441-802. No liability as director for limited cooperative association's obligations
NO LIABILITY AS DIRECTOR FOR LIMITED COOPERATIVE ASSOCIATION'S OBLIGATIONS. A debt, obligation, or other liability of a limited cooperative association is solely that of the association and is not a debt, obligation, or liability of a director solely by reason of being a director. An individual is not personally liable, directly or indirectly, for an obligation of an association solely by reason of being a director.
Credits
Laws 2009, c. 68, § 67, eff. Jan. 1, 2010.
18 Okl. St. Ann. § 441-802, OK ST T. 18 § 441-802
Current with emergency effective legislation through Chapter 277 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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