Cal. Corporations Code § 12441
Cal. Corporations Code § 12441
California · California Corporations Code · Status: effective
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- Citation
- Cal. Corporations Code § 12441, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/792365
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Full text
A corporation may levy dues, assessments, or fees upon its members pursuant to its articles or bylaws, but a member upon learning of them may avoid liability for them by promptly resigning from membership, except where the member is liable for them by contract, as a condition to ownership of an interest in real property, as an obligation arising out of the ownership of an interest in real property, or otherwise. Unless called to the attention of the member and agreed to in writing by the member, article or bylaw provisions authorizing such dues, assessments or fees do not, of themselves, create such liability. No action shall be brought by or on behalf of any creditor to levy or to require the levy of dues, assessments or fees upon the members of the corporation.