Liability of a member definition

Liability of a member means, the extent of liability of every member and is limited to the Shares held by him towards contribution in the capital of the Society;
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Liability of a member means, the extent of liability of every member and is limited to the Shares held by him towards contribution to the Assets of the Cooperative Society;
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Liability of a member means the extent to which a member may be obliged to contribute money to meet the debts of a society on liquidation thereof;
Sample 1

Examples of Liability of a member in a sentence

  • Liability of a member is limited to the amount unpaid on the shares held by them.

  • Liability of a member or other person who acts for the nonprofit association is governed by other law of the jurisdiction.

  • Liabilities to be limited: (1) Liability of a member in terms of transaction of a Cooperative Organization shall be limited only up to the maximum limit of the shares he/she has subscribed or agreed to subscribe.

  • Liability of Members Liability of a member including Directors shall be two times of the share Capital contributed by him/her.

  • Rossouw (2009) offers two hypotheses for why this may be the case: first, corporate governance regimes are embedded in larger socio-cultural systems, and, as such, reflect the values and norms of these systems.

  • Liability, of a member of the Association, or person as described in sub rule 7.11.1 & 7.11.2 of this rule will be limited to a sum of Fifty dollars ($50.00).

  • The excess of the Tax Liability of a member determined on a separate company basis over the allocable portion of the Tax Liability of such member as determined under the immediately preceding sentence shall be paid by such member to the other member or members having losses in direct proportion to the reduction in Tax Liability resulting from the inclusion of such loss member or members.

  • Liability of a member for any deficit in the asset of the society on liquidation shall be limited to the face value of the subscribed share capital.

  • From and after the Distribution Date, no member of either Group shall have any rights or Liabilities under any such terminated Intercompany Agreement with any member of the other Group, except (i) as specifically provided herein or in the other Transaction Agreements and (ii) any Liability of a member of either Group arising out of a breach by such member prior to the date of termination of any commercial Intercompany Agreement.

  • The most interesting rule is the rule for the definition of local continuations, which employs an interpolant serving as precondition for the defined continuation.⊥ ›→›→ ›→We will write [f P ] or just f P for the generalized post- condition (λgσ.

Related to Liability of a member

  • Controlled Group Liability means any and all liabilities (i) under Title IV of ERISA, (ii) under Section 302 of ERISA, (iii) under Sections 412 and 4971 of the Code, and (iv) as a result of a failure to comply with the continuation coverage requirements of Section 601 et seq. of ERISA and Section 4980B of the Code.

  • Liability means any liability or obligation (whether known or unknown, whether asserted or unasserted, whether absolute or contingent, whether accrued or unaccrued, whether liquidated or unliquidated, and whether due or to become due), including any liability for Taxes.

  • Interested Party means a person:

  • Potential Member means an individual who meets the eligibility requirements to enroll in the Oregon Health Plan but has not yet enrolled with a specific PHP or CCO.

  • Financial Member means a person who has paid the required membership fee and is listed on the Register of Members.

  • taxable person means any person who, independently, carries out in any place any economic activity, whatever the purpose or results of that activity.

  • Withdrawal Liability means liability to a Multiemployer Plan as a result of a complete or partial withdrawal from such Multiemployer Plan, as such terms are defined in Part I of Subtitle E of Title IV of ERISA.

  • Public member means an individual who is not, and never