Liability of society of acquired assets for the debts of the shareholders

Where the society is only of acquired assets, unless there is declaration to the contrary, the society shall be liable to pay only following debts: 1. Debts contracted by the shareholders, for the purposes of the same society; 2. The expenses made and expenditure necessary for the maintenance of the shareholders and their families. § Sole paragraph - It is understood that the expenditure towards maintenance is towards habitation, alimony, clothing, as well as treatment during illness.