Tennessee § 43-38-529 - Member liability.
Full text of Tennessee Tennessee Code Annotated § 43-38-529 — Member liability., with citation guidance and answers to common questions.
§ 43-38-529. Member liability.
A member is not, merely on account of that status, personally liable for the acts, debts, liabilities, or obligations of a cooperative. A member is liable for any unpaid subscription for the membership interest, unpaid membership fees, or a debt for which the member has separately contracted with the cooperative. Acts 2004, ch. 534, § 22.
Frequently Asked Questions About Tennessee § 43-38-529
What does Tennessee Code Annotated § 43-38-529 cover?
Section 43-38-529 ("Member liability.") is part of the Tennessee Code Annotated, the codified statutory law of Tennessee. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Tennessee § 43-38-529?
A common citation format is "Tennessee Code Annotated § 43-38-529" (Tennessee). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Tennessee law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Tennessee official source linked on this page or consult a licensed Tennessee attorney.
How does Tennessee § 43-38-529 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Tennessee can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Tennessee.