GroundRules
CORP § 5354
Where this section sits in the code
- Corporations Code - CORP
- TITLE 1. CORPORATIONS [100. - 14707.]
- DIVISION 2. NONPROFIT CORPORATION LAW [5000. - 10841.]
- PART 2. NONPROFIT PUBLIC BENEFIT CORPORATIONS [5110. - 6910.]
- CHAPTER 3. Members [5310. - 5354.]
- ARTICLE 5. Rights and Obligations of Members and Creditors [5350. - 5354.]
A person holding 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 amounts owing to the corporation by the member, because the membership is so held; but the estate and funds in the hands of such fiduciary are liable therefor.
Collected 2026-09-14T05:56:33Z. Source file · JSON