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La. Rev. Stat. § 12:422

Non-liability of members for debts of cooperative

Louisiana · Louisiana Revised Statutes Title 12 — Corporations and Associations · Status: effective

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La. Rev. Stat. § 12:422, Non-liability of members for debts of cooperative, Louisiana, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2693100
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The private property of the members of a cooperative shall be exempt from execution for the debts of the cooperative and no member shall be liable or responsible for any debts of the cooperative.