California Statutes
§ 5354. — 5354. (Added by Stats. 1978, Ch. 567.)
California § 5354.
JurisdictionCalifornia
Code CORPCorporations 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
This text of California § 5354. (5354. (Added by Stats. 1978, Ch. 567.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Cal. Corporations Code - CORP Code § 5354. (2026).
Text
A person holding a membership as executor, administrator, guardian, trustee, receiver or in any representative or fiduciary capacity is not personally liable for any unpaid balance of the purchase price of the membership, or for any amounts owing to the corporation by the member, because the membership is so held; but the estate and funds in the hands of such fiduciary are liable therefor.
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Legislative History
Added by Stats. 1978, Ch. 567.
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Bluebook (online)
California § 5354., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/CORP/5354..