RCW 23.86.105
Member liability—Termination.
(1) Except for debts lawfully contracted between a member and the association, no member shall be liable for the debts of the association to an amount exceeding the sum remaining unpaid on his or her membership fee or subscription to capital stock.
(2) Membership may be terminated under provisions, rules, or regulations prescribed in the articles of incorporation or bylaws. In the absence thereof, the board of directors may prescribe such provisions, rules, and regulations.
[ 1989 c 307 § 19.]
NOTES:
Legislative finding—1989 c 307: See note following RCW 23.86.007.
Structure Revised Code of Washington
Title 23 - Corporations and Associations (Profit) (Business Corporation Act: See Title 23b Rcw)
Chapter 23.86 - Cooperative Associations.
23.86.010 - Cooperative associations—Who may organize.
23.86.020 - Business authorized.
23.86.022 - Certificate of authority as insurance company—Filing of documents.
23.86.030 - Association name—Immunity from liability of association board members and officers.
23.86.050 - Articles—Contents.
23.86.070 - Applicable fees, charges, and penalties.
23.86.075 - Fees for services by secretary of state.
23.86.080 - Directors—Election and appointment.
23.86.085 - Election of officers.
23.86.087 - Removal of officers or directors.
23.86.090 - Amendments to articles.
23.86.105 - Member liability—Termination.
23.86.135 - Members right to dissent—Exception for members of a rural electric association.
23.86.145 - Rights of dissenting members.
23.86.160 - Apportionment of earnings.
23.86.170 - Distribution of dividends.
23.86.191 - Indemnification of agents of any corporation authorized.
23.86.195 - Cooperative associations organized under other statutes—Reorganization under chapter.
23.86.330 - Administrative dissolution.
23.86.350 - Application of RCW 24.06.100 and 24.06.105.
23.86.360 - Application of Title 23B RCW.
23.86.370 - Application of Article 5 of chapter 23.95 RCW.
23.86.400 - Locally regulated utilities—Attachments to poles.
23.86.420 - Conversion of domestic association to limited cooperative association—Procedure.