California Corporations Code

§ 5351

CORP § 5351Div. 2 · Title 1 · Part 2 · Ch. 3 · Art. 5

Statute text

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 avoid liability for them by promptly resigning from membership, except where the member is, by contract or otherwise, liable for them. Article or bylaw provisions authorizing such dues, assessments or fees do not, of themselves, create such liability.

Legislative history

Added by Stats. 1978, Ch. 567.