§ 504 No liability as member for enterprise's obligations

11 V.S.A. § 504 (N/A)
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§ 504. No liability as member for enterprise's obligations

Unless the articles of organization otherwise provide, a debt, obligation, or other liability of a mutual benefit enterprise is solely that of the enterprise and is not the debt, obligation, or liability of a member solely by reason of being a member. (Added 2011, No. 84 (Adj. Sess.), § 1, eff. April 20, 2012.)