Statute · California Corporations Code
Cal. Corp. Code § 7350 — Rights and Obligations of Members and Creditors
Cal. Corp. Code § 7350
- Type
- Statute
- Source
- California Corporations Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
(a) A member of a corporation is not, as such, personally liable for the debts, liabilities, or obligations of the corporation.
Citator
Cal. Corp. Code § 7350 — Rights and Obligations of Members and Creditors is in force in the current edition of the Code, and nothing recorded condemns it.
(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.
(c) The ownership of an interest in real property, when a condition of its ownership is membership in a corporation, shall be considered consent to such membership for the purpose of this section.