Section 607 – Creditor’s action against member.

16-6a-607. Creditor’s action against member.
A proceeding may not be brought by a creditor to reach the liability, if any, of a member to the nonprofit corporation unless:

• (1)
  • (a) final judgment has been rendered in favor of the creditor against the nonprofit corporation; and
  • (b) execution has been returned unsatisfied in whole or in part; or

• (2) a proceeding described in Subsection (1) would be useless.

Enacted by Chapter 300, 2000 General Session