California Corporations Code
§ 7352
CORP § 7352Div. 2 · Title 1 · Part 3 · Ch. 3 · Art. 5
Statute text
View on leginfo.ca.govA person holding a membership as pledgee or a membership as executor, administrator, guardian, trustee, receiver or in any representative or fiduciary capacity is not personally liable for any unpaid balance of the purchase price of the membership, or for any amount owing to the corporation by the member, because the membership is so held, but the estate and funds in the hands of such fiduciary or representative are liable and the membership subject to sale therefor.
Legislative history
Amended by Stats. 1983, Ch. 1085, Sec. 5.1.