Statute · California Business and Professions Code
Cal. Bus. & Prof. Code § 26229.8 — Members
Cal. Bus. & Prof. Code § 26229.8
- Type
- Statute
- Source
- California Business and Professions Code
- Jurisdiction
- California
- Date
- 2017-06-27
- Current through
- Nov 2, 2026 (California Legislative Counsel)
A member or stockholder is not liable for the debts of the association to an amount that exceeds the sum that remains unpaid on his membership fee or his subscription to the capital stock, including any unpaid balance on any promissory note that is given in payment of the membership fee or the…
Citator
Cal. Bus. & Prof. Code § 26229.8 — Members is in force in the current edition of the Code, and nothing recorded condemns it.
A member or stockholder is not liable for the debts of the association to an amount that exceeds the sum that remains unpaid on his membership fee or his subscription to the capital stock, including any unpaid balance on any promissory note that is given in payment of the membership fee or the subscription to the capital stock.