Section 46-3-261. Liability of members

Latest version.

A member shall not, solely by virtue of his status as a member, be liable for the debts of an electric membership corporation; and the property of the member shall not, solely by virtue of his status as a member, be subject to attachment, garnishment, execution, or other collection procedure for such debts.

Code 1933, § 34C-502, enacted by Ga. L. 1981, p. 1587, § 1.

                    
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