California Laws: Corporations Code Sections 5350-5354

California Laws > Corporations Code

• California Laws: Corporations Code Section 5350
  (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...
• California Laws: Corporations Code Section 5351
  A corporation may levy dues, assessments or fees upon its members pursuant to its articles or bylaws, but a member upon learning of them may...
• California Laws: Corporations Code Section 5352
  (a) No action shall be brought by or on behalf of any creditor to reach and apply the liability, if any, of a member to...
• California Laws: Corporations Code Section 5353
  Nothing in this part shall be construed as in derogation of any rights or remedies which any creditor or member may have against any promoter,...
• California Laws: Corporations Code Section 5354
  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...