No member or shareholder shall be liable or responsible for any debts of the cooperative, and the property of the members and shareholders shall not be subject to execution therefor.
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Subtitle 1 - Public Utilities And Carriers
Chapter 17 - Telephone and Telegraph Companies
Subchapter 2 - Rural Telecommunications Cooperative Act
§ 23-17-204. Purpose of cooperative
§ 23-17-205. Powers of cooperative
§ 23-17-206. Jurisdiction of commission
§ 23-17-208. Cooperative names
§ 23-17-209. Articles of incorporation — Contents
§ 23-17-210. Articles of incorporation — Execution, filing, and recording
§ 23-17-211. Articles of incorporation — Amendment
§ 23-17-212. Certificate of incorporation
§ 23-17-213. Organizational meeting
§ 23-17-215. Qualifications of members
§ 23-17-216. Membership fees and capital credits
§ 23-17-217. Meetings of members
§ 23-17-218. Board of directors generally
§ 23-17-219. Board of directors — Elections — Term of office — Vacancies
§ 23-17-220. Board of directors — Meetings
§ 23-17-221. Officers, agents, and employees
§ 23-17-222. Executive committee
§ 23-17-223. Waiver of notice of meeting
§ 23-17-228. Nonprofit operation
§ 23-17-230. Taxation — Exemptions
§ 23-17-231. Mortgage, pledge, or other disposition of property
§ 23-17-232. Recordation of mortgages — Effect thereof
§ 23-17-233. Nonliability of members and shareholders for debts of cooperatives
§ 23-17-235. Liabilities of connecting companies or cooperatives
§ 23-17-236. Construction standards
§ 23-17-237. Limitation of actions
§ 23-17-238. Indemnification of directors, officers, employees, or agents — Insurance
§ 23-17-240. Unclaimed capital credits and stock