StacksVerified U.S. federal law reference

36 U.S.C. § 40510 — Liability

Verified against govinfo.gov as of June 20, 2026View official text on govinfo.gov ↗
  1. (a)Liability of CorporationThe corporation is liable for the acts of its officers and agents acting within the scope of their authority.
  2. (b)Immunity of IndividualsA member or private individual is not liable for the obligations of the corporation.