California Corporations Code

§ 9350

Name: California Superior Court Tentative Rulings
Creator: DecisionDepot
License: https://creativecommons.org/licenses/by-nc/4.0/

CORP § 9350Div. 2 · Title 1 · Part 4 · 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.