California Corporations Code
§ 5350
CORP § 5350Div. 2 · Title 1 · Part 2 · Ch. 3 · Art. 5
Statute text
View on leginfo.ca.gov(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.
Legislative history
Added by Stats. 1978, Ch. 567.