Nonliability of members for debts of cooperative

Fla. Stat. § 425.23, under Rural Electric Cooperatives.

Fla. Stat. § 425.23

The private property of the members of a cooperative shall be exempt from execution for the debts of the cooperative and no member shall be liable or responsible for any debts of the cooperative.History.—s. 22, ch. 19138, 1939; CGL 1940 Supp. 6494(65).