ARTICLE XV
PERSONAL LIABILITY
No member director, officer, or agent of the association shall be personally liable for any debt, liability, or obligation of the association, unless clearly performed outside and without authorization of the board, found guilty of fraud, gross negligence, malfeasance, misfeasance or breach of fiduciary responsibility as determined by a court of competent jurisdiction. All persons, corporations or other entities extending credit to, contracting with, or having claim against the association may look only to the funds and property of the association for payment of any such contract or claim or for payment of the debt, damages, judgment or decrees, or any money that may otherwise become due or payable by the association, subject to the conditions of liability as aforementioned herein and above.