GroundRules
CORP § 7352
Where this section sits in the code
- Corporations Code - CORP
- TITLE 1. CORPORATIONS [100. - 14707.]
- DIVISION 2. NONPROFIT CORPORATION LAW [5000. - 10841.]
- PART 3. NONPROFIT MUTUAL BENEFIT CORPORATIONS [7110. - 8910.]
- CHAPTER 3. Members [7310. - 7354.]
- ARTICLE 5. Rights and Obligations of Members and Creditors [7350. - 7354.]
A 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.
Collected 2026-09-14T05:56:33Z. Source file · JSON