1. MCA Contents
  2. TITLE 35
  3. CHAPTER 2
  4. Part 5
  5. 35-2-516 Member's liability to third parties

TITLE 35. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS

CHAPTER 2. NONPROFIT CORPORATIONS

Part 5. Members -- Delegates -- Voting

Member's Liability To Third Parties

35-2-516. Member's liability to third parties. A member of a corporation is not, as a member, personally liable for the acts, debts, liabilities, or obligations of the corporation.

History: En. Sec. 44, Ch. 411, L. 1991.