Part 3Administration of societies
Members
78Liability of members
A member is not liable for an obligation of a society by reason only of being a member.
The liability of a person to a society in their capacity as a member is limited to—
- any amount unpaid on the membership of the member:
- any liability as a member expressly provided for in the society’s constitution.
Nothing in this section affects the liability of a member of a society to the society under a contract, or for any tort, breach of a fiduciary duty, or other actionable wrong committed by the member.
Compare
- 1993 No 105 s 97


