Member liability

Wis. Stat. § 193.505 — under MEMBERS.

Wis. Stat. § 193.505

193.505 Member liability. A person is not personally liable

Updated 23-24 Wis. Stats.

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for the acts, debts, liabilities, or obligations of a cooperative merely because of the person’s status as a member. A member is liable for any unpaid subscription for the member’s membership interest, unpaid membership fees, or any debt for which the member has separately contracted with the cooperative. History: 2005 a. 441.