Cal. Corporations Code § 5354
Cal. Corporations Code § 5354
California · California Corporations Code · Status: effective
Cite this
- Citation
- Cal. Corporations Code § 5354, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/791635
- Permanent ID
ys:prov:791635@1- SHA-256
40409d3748d54859e021adbed5f9e11b1e9fd02814ccf121351918c86088822c
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Full text
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.