s 67
In forceLiability of members to co‑operative
Part 4Membership
Division 2Rights and liabilities of members
67 Liability of members to co‑operative
(1)
A member of a co‑operative is not, as a member, under any personal liability to the co‑operative, except as provided by this Division.
(2)
A member of a co‑operative with a share capital is liable to the co‑operative for the amount, if any, unpaid on the shares held by the member together with any charges payable by the member to the co‑operative as required by the rules of the co‑operative.
(3)
A member of a co‑operative without a share capital is liable to the co‑operative for any charges payable by the member to the co‑operative as required by the rules of the co‑operative.
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