California Corporations Code ARTICLE 5 - Rights and Obligations of Members and Creditors

• Section 12440.
  (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...
• Section 12441.
  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...
• Section 12442.
  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...
• Section 12443.
  (a) No action shall be brought by or on behalf of any creditor to reach and apply the liability, if any, of a member to the...
• Section 12444.
  Nothing in this part shall be construed as in derogation of any rights or remedies which any creditor or member may have against any promoter,...
• Section 12445.
  The articles or bylaws shall prescribe:(a) The manner of determining each member’s share of the capital of the corporation contributed by the members and, if repayable,...
• Section 12446.
  (a) Subject to subdivision (b), Chapter 7 (commencing with Section 1500) of Title 10 of Part 3 of the Code of Civil Procedure shall not apply...

Last modified: October 22, 2018