35-19-204. Nonliability of members, trustees, and officers. (1) The private property of the members of a buying cooperative is exempt from execution for the debts of the buying cooperative, and a member may not be liable or responsible for any debts of the buying cooperative.
     (2) A trustee or officer of a buying cooperative or acting for a buying cooperative is not personally liable to the buying cooperative or its members for any actions taken or any failure to take any action as a trustee or officer unless:
     (a) the trustee or officer fails to perform the trustee's or officer's responsibilities or duties, including those in compliance with 35-19-307 and 35-19-308; and
     (b) the failure to perform constitutes willful misconduct or recklessness.

     History: En. Sec. 15, Ch. 575, L. 1999.