Corporations Code § 5350

ARTICLE 5. Rights and Obligations of Members and Creditors

Current as of September 28, 2026Corp. Code, § 5350Official source ↗

Added by Stats. 1978, Ch. 567.

(a) A member of a corporation is not, as such, personally liable for the debts, liabilities, or obligations of the corporation.

(b) No person is liable for any obligation arising from membership unless the person was admitted to membership upon the person’s application or with the person’s consent.