16-16-1102. Effect of dissociation as member.
(1) Upon a member's dissociation: subject to Section, the person has no further rights as a member; and 16-16-1103 subject to Sectionand, any financial rights owned by the person in the person's capacity as a member immediately before dissociation are owned by the person as a transferee. 16-16-1103 Part 16, Conversion and Merger
(2) A person's dissociation as a member does not of itself discharge the person from any debt, obligation, or liability to the limited cooperative association which the person incurred under the organic rules, by contract, or by other means while a member.