(1) The law of this state governs:
(a) The internal affairs of a limited cooperative association; and
(b) The liability of a member as member and a director as director for the debts, obligations, or other liabilities of a limited cooperative association.
Source: L. 2011: Entire article added, (SB 11-191), ch. 197, p. 766, � 1, effective April 2, 2012.