§ 13302
42 words·~1 min read·
/ca/corporations-code/13302A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
No member shall be liable for the debts of the association to an amount exceeding the sum remaining unpaid on his membership fee or his subscription to the capital stock, including any unpaid balance on any promissory note given in payment thereof.