Upon a member’s dissociation: The person’s right to participate as a member in the management and conduct of the association’s activities and affairs terminates; and Subject to § 29-1011.03 , subchapter XV of this chapter , and Chapter 2 of this title , any financial rights owned by the person in the person’s capacity as a member are owned by the person as a transferee. A person’s dissociation as a member shall not of itself discharge the person from any debt, obligation, or other liability to the limited cooperative association or to the members which the person incurred while a member.
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