36 U.S.C. § 40510 – Liability

(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.

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).