Cal. Corporations Code § 31302
Cal. Corporations Code § 31302
California · California Corporations Code · Status: effective
Cite this
- Citation
- Cal. Corporations Code § 31302, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/793732
- Permanent ID
ys:prov:793732@1- SHA-256
4c92f861b73ca1512068d979ee8c2dcd8a13dc46d656829f0d16cab1d69e6fb4
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
Every person who directly or indirectly controls a person liable under Section 31300 or 31301, every partner in a firm so liable, every principal executive officer or director of a corporation so liable, every person occupying a similar status or performing similar functions, every employee of a person so liable who materially aids in the act or transaction constituting the violation, are also liable jointly and severally with and to the same extent as such person, unless the other person who is so liable had no knowledge of or reasonable grounds to believe in the existence of the facts by reason of which the liability is alleged to exist.