California Corporations Code

§ 18630

CORP § 18630 Effective Jan 1, 2005Title 3 · Part 2 · Ch. 1

Statute text

Notwithstanding any other provision of this chapter, a member or person in control of a nonprofit association may be subject to liability for a debt, obligation, or liability of the association under common law principles governing alter ego liability of shareholders of a corporation, taking into account the differences between a nonprofit association and a corporation.

Legislative history

Added by Stats. 2004, Ch. 178, Sec. 11. Effective January 1, 2005.