Nonprofit Mutual Benefit Corp. Law › CHAPTER 3. Members [7310 - 7354] › ARTICLE 5. Rights and Obligations of Members and Creditors [7350 - 7354]

(Amended by Stats. 1983, Ch. 1085, Sec. 5.1.)
Text current as of August 17, 2026, per California Legislative Information.

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.

The text of the Nonprofit Mutual Benefit Corporation Law is provided for reference and convenience only, from the California Legislative Information website (leginfo.legislature.ca.gov). It is not legal advice, and the official version of California statutes is published by the state. Statutes may have been amended after the “current as of” date shown above. Consult counsel regarding the application of any statute to your association.