Effective - 28 Aug 1939
394.270. Members not to be liable for debts of cooperative. — 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.
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(RSMo 1939 § 5407)
Structure Missouri Revised Statutes
Title XXV - Incorporation and Regulation of Certain Utilities and Carriers
Chapter 394 - Rural Electric Cooperatives
Section 394.010 - Designation of chapter.
Section 394.020 - Definitions.
Section 394.030 - Formation of cooperative corporations authorized.
Section 394.040 - Who may organize.
Section 394.050 - Articles of incorporation — where filed.
Section 394.060 - Name of cooperative shall include what.
Section 394.070 - Corporation may become subject to provisions of chapter, how.
Section 394.080 - Powers, generally — may supply energy to certain cities, towns and villages, when.
Section 394.090 - Articles may be amended, how.
Section 394.100 - Articles to be filed with secretary of state.
Section 394.110 - Bylaws to be adopted.
Section 394.130 - Territory supplied by cooperative may be divided into voting districts.
Section 394.140 - Directors to manage cooperative.
Section 394.150 - Officers — removal.
Section 394.170 - Revenues of cooperative — disposition.
Section 394.180 - Sale of property by cooperative — membership approval required.
Section 394.190 - Effect of mortgage or deed of trust executed by cooperative.
Section 394.210 - Cooperatives may consolidate, how.
Section 394.220 - Cooperatives may merge, how.
Section 394.230 - Effect of consolidation or merger.
Section 394.240 - Dissolution of cooperative — procedure.
Section 394.250 - Fees to be collected by director of revenue.
Section 394.270 - Members not to be liable for debts of cooperative.
Section 394.280 - Provisions of securities law not to apply.
Section 394.290 - Acknowledgments, who may take.
Section 394.300 - Waiver of notice shall be deemed equivalent to such notice, when.