Title 48, Securities, Corporations And Associations

A member of a corporation is not, as such, personally liable for the acts, debts, liabilities, or obligations of the corporation.

(a) A member may become liable to the corporation for dues, assessments or fees by consenting (expressly or impliedly) to such obligation; provided, that a charter or bylaw provision or a resolution adopted by the board authorizing or imposing dues, assessments or fees does not, …

(a) No proceeding may be brought by a creditor of a corporation to reach the liability, if any, of a member to the corporation unless final judgment has been rendered in favor of the creditor against the corporation and execution has been returned unsatisfied in whole or in part …

(a) A member may resign at any time. (b) The resignation of a member does not relieve the member from any obligations the member may have to the corporation.

(a) Unless the charter provides for the removal of a member and termination of a membership without cause, no member may be expelled or suspended, and no membership or memberships may be terminated or suspended except pursuant to a procedure which is fair and reasonable and is ca…

(a) A public benefit corporation may not purchase any of its memberships or any right arising therefrom. (b) A mutual benefit corporation may purchase the membership of a member who resigns or whose membership is terminated for the amount and pursuant to the conditions set forth …

(a) A proceeding may be brought in the right of a domestic or foreign corporation to procure a judgment in its favor by:(1) Any member or members having five percent (5%) or more of the voting power or by fifty (50) members, whichever is less; or(2) Any director. (1) Any member o…

(a) A corporation may provide in its charter or bylaws for delegates having some or all of the authority of members. (b) The charter or bylaws may set forth provisions relating to:(1) The characteristics, qualifications, rights, limitations and obligations of delegates, including…