§40510. Liability

As of today

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Notable points in this section's history

36 U.S.C. § 40510

(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.

Notes, amendments, and revision history

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

Historical and Revision Notes
Revised Section	Source (U.S. Code)	Source (Statutes at Large)
40510(a)	36:801.	Aug. 14, 1958, Pub. L. 85–642, §§ 9(a) (1st sentence words after last comma), 11, 72 Stat. 599, 600.
40510(b)	36:799(a) (1st sentence words after last comma).