Northern Territory Consolidated Acts Northern Territory Consolidated Acts71. Liability of members to co-operative
(1) A member of a co-operative is not, as such a member, under any personal liability to the co-operative, except as provided by this section.
(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.