Earlier editions: 2020-112018-112026-09
TITLE 1. CORPORATIONS 100-14707›DIVISION 3. CORPORATIONS FOR SPECIFIC PURPOSES 12000-14707›PART 2. COOPERATIVE CORPORATIONS 12200-12704›CHAPTER 3. Members 12400-12446›ARTICLE 5. Rights and Obligations of Members and Creditors 12440-12446
§ 12441
California Corporations Code · 2026-10 edition · updated 2026-10-04 · California
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 avoid liability for them by promptly resigning from membership, except where the member is liable for them by contract, as a condition to ownership of an interest in real property, as an obligation arising out of the ownership of an interest in real property, or otherwise. Unless called to the attention of the member and agreed to in writing by the member, article or bylaw provisions authorizing such dues, assessments or fees do not, of themselves, create such liability. No action shall be brought by or on behalf of any creditor to levy or to require the levy of dues, assessments or fees upon the members of the corporation.
(Added by Stats. 1982, Ch. 1625, Sec. 3. Operative January 1, 1984.)
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