§40510. Liability
36 U.S.C. § 40510
Liability of Corporation.— The corporation is liable for the acts of its officers and agents acting within the scope of their authority.
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). | |