§ 47-21-52 Liability of members for acts of cooperative.

SD Codified L § 47-21-52 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

47-21-52. Liability of members for acts of cooperative. No member shall be liable or responsible for any debts of the cooperative and the property of the members shall not be subject to execution therefor.

Source: SL 1947, ch 33, § 25; SDC Supp 1960, § 11.2225.