(805 ILCS 315/15.3) (from Ch. 32, par. 454.3)
Sec. 15.3. No member shall be liable for the debts of the association to an amount exceeding the sum remaining unpaid on his membership fee or his subscription to the capital stock, including any unpaid balance on any promissory notes given in payment thereof.
(Source: Laws 1967, p. 3777.)
Sections: Previous 11 12 13 14 15 15.1 15.2 15.3 15.4 15.5 15.6 15.7 15.8 16 17 Next
Last modified: February 18, 2015