36 USC 40510 - Liability

U.S Code last checked for updates: May 19, 2024

§ 40510.

Liability

(a)

Liability of Corporation.—

The corporation is liable for the acts of its officers and agents acting within the scope of their authority.

(b)

Immunity of Individuals.—

A member or private individual is not liable for the obligations of the corporation.

(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1335.)

cite as: 36 USC 40510