Cal. Bus. & Prof. Code § 26229.8
Current through the 2023 Legislative Session.
A member or stockholder is not liable for the debts of the association to an amount that exceeds the sum that remains unpaid on his membership fee or his subscription to the capital stock, including any unpaid balance on any promissory note that is given in payment of the membership fee or the subscription to the capital stock.
Ca. Bus. and Prof'l. Code § 26229.8