California Corporations Code

§ 18270

CORP § 18270 Effective Jan 1, 2005Title 3 · Part 1 · Ch. 5

Statute text

(a)A judgment creditor of a member, director, officer, or agent of an unincorporated association may not levy execution against the assets of the member, director, officer, or agent to satisfy a judgment based on a claim against the unincorporated association unless a judgment based on the same claim has been obtained against the unincorporated association and any of the following conditions is satisfied:

(1)A writ of execution on the judgment against the unincorporated association has been returned unsatisfied in whole or in part.

(2)The unincorporated association is a debtor in bankruptcy.

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Legislative history

Added by Stats. 2004, Ch. 178, Sec. 10. Effective January 1, 2005.