§4A–12A–12.    NOT IN EFFECT

    ** TAKES EFFECT OCTOBER 1, 2026 PER CHAPTERS 198 AND 199 OF 2025 **

    (a)    A limited worker cooperative association shall have an assembly as constituted by the body of all voting members.

    (b)    An individual is not an agent of a limited worker cooperative association solely by being a member of the assembly.

    (c)    A debt, an obligation, or any other liability of a limited worker cooperative association is solely that of the association and is not a debt, an obligation, or a liability of a member of the assembly solely by reason of being a voting member.