California Statutes
§ 5350. — 5350. (Added by Stats. 1978, Ch. 567.)
California·Code CORP Corporations Code - CORP·Div. 2.·Title 1. DIVISION 2. NONPROFIT CORPORATION LAW·Part 2. PART 2. NONPROFIT PUBLIC BENEFIT CORPORATIONS·Ch. 3. CHAPTER 3. Members·Art. 5. ARTICLE 5. Rights and Obligations of Members and Creditors
(a)A member of a corporation is not, as such, personally liable for the debts, liabilities, or obligations of the corporation.
(b)No person is liable for any obligation arising from membership unless the person was admitted to membership upon the person’s application or with the person’s consent.
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California § 5350. (5350. (Added by Stats. 1978, Ch. 567.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1978, Ch. 567.