805 ILCS 317/55

Current through Public Act 103-593
Section 805 ILCS 317/55 - Assembly
(a) A limited worker cooperative association, other than a collective worker cooperative, must have an assembly as constituted by the body of voting members.
(b) An individual is not an agent for a limited worker cooperative association solely by being a member of the assembly.
(c) A debt, obligation, or other liability of a limited worker cooperative association is solely that of the association and is not a debt, obligation, or liability of a member of the assembly solely by reason of being a voting member. An individual is not personally liable, directly or indirectly, for an obligation of an association solely by reason of being a voting member.

805 ILCS 317/55

Amended by P.A. 102-0351,§ 5, eff. 8/13/2021.
Added by P.A. 101-0292,§ 55, eff. 1/1/2020.