California Corporations Code

§ 7351

CORP § 7351Div. 2 · Title 1 · Part 3 · 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 liable for them by contract, as a condition to ownership of an interest in real property, as an obligation arising out of the ownership of an interest in real property, or otherwise. Article or bylaw provisions authorizing such dues, assessments or fees do not, of themselves, create such liability.

Legislative history

Amended by Stats. 1979, Ch. 724.