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Current as of January 01, 2025 | Updated by Findlaw Staff
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.
Cite this article: FindLaw.com - California Code, Corporations Code - CORP § 7352 - last updated January 01, 2025 | https://codes.findlaw.com/ca/corporations-code/corp-sect-7352/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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