§31403. Liability of members

Link to law: http://legislature.vermont.gov/statutes/section/08/221/31403
Published: 2015

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The Vermont Statutes Online



Title

08

:
Banking and Insurance






Chapter

221

:
ORGANIZATION AND MANAGEMENT OF CREDIT UNION






Subchapter

004
:
MEMBERSHIP










 

§

31403. Liability of members

The members of

the credit union shall not be personally or individually liable for the acts,

debts, liabilities, or obligations of the credit union or the payment of the

credit union's debts solely by virtue of their membership in the credit union.

(Added 2005, No. 16, § 1, eff. July 1, 2005.)
Read Entire Law on legislature.vermont.gov