However, legislation has been enacted that limits liability of members to only the assets held by the reciprocal, thus making membership in a reciprocal similar to ownership of shares of a corporation.
Therefore, for liability purposes, membership in a reciprocal is similar to ownership of shares of a corporation. However, legislation has been enacted that limits liability of members to only the assets held by the reciprocal.
However, legislation has been enacted that limits liability of members to only the assets held by the reciprocal. Therefore, for liability purposes, membership in a reciprocal is similar to ownership of shares of a corporation.
However, legislation has been enacted that limits liability of members to only the assets held by the reciprocal. Therefore, for liability purposes, membership in a reciprocal is similar to ownership of shares of a corporation.