Laws of North Carolina (Last Updated: May 12, 2015) |
Chapter54. Cooperative Organizations. |
SubchapterIII. CREDIT UNIONS |
Article14D. Membership |
§54-109.30. Liability of shareholders
Latest version.
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A shareholder of any such corporation, unless the bylaws so provide, shall not be individually liable for the payment of its debts for an amount in excess of the par value of the shares which he owns or for which he has subscribed.
(1975, c. 538, s. 1.)