30-27-108. LIABILITY. (a) A debt, obligation, or other liability of an unincorporated nonprofit association is solely the debt, obligation, or other liability of the association. A member or manager is not personally liable, directly or indirectly, by way of contribution or otherwise for a debt, obligation, or other liability of the association solely by reason of being or acting as a member or manager. This subsection applies regardless of the dissolution of the association.
(b) A person’s status as a member or manager does not prevent or restrict law other than this chapter from imposing liability on the person or the association because of the person’s conduct.
(c) The failure of an unincorporated nonprofit association to observe formalities relating to the exercise of its powers or management of its activities and affairs is not a ground for imposing liability on a member or manager of the association for a debt, obligation, or other liability of the association.
History:
[30-27-108, added 2015, ch. 243, sec. 53, p. 899.]
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