Nonliability of members for debts of cooperative

The private property of the members of a cooperative shall be exempt from execution for the debts of the cooperative, and no member shall be liable or responsible for any debts of the cooperative. Acts 1961, ch. 330, § 22; T.C.A., § 65-2923. The private property of the members of a cooperative shall be exempt from execution for the debts of the cooperative, and no member shall be liable or responsible for any debts of the cooperative. Acts 1961, ch. 330, § 22; T.C.A., § 65-2923.