A member shall not, solely by virtue of his status as a member, be liable for the debts of an electric membership corporation; and the property of the member shall not, solely by virtue of his status as a member, be subject to attachment, garnishment, execution, or other collection procedure for such debts. (Code 1933, § 34C-502, enacted by Ga. L. 1981, p. 1587, § 1.) Page: 218 Job Path: @mfgmic/west/stcodes/ga/repl/qj04040.63 Date: 06/30/04 Time: 20:53:48 0000 42051-21 (QS) GA 04 RV34 -- 3rd RUN PUBLIC UTILITIES, ETC.
Liability of members
O.C.G.A. § 46-3-261, under ELECTRIC MEMBERSHIP CORPORATIONS AND FOREIGN ELECTRIC COOPERATIVES JUDICIAL DECISIONS.
O.C.G.A. § 46-3-261