§ 13302 Member Debt Liability Limit

This law says that if a group or club owes money, its members only have to pay up to what they still owe for their membership or shares.

Key Takeaways

•Members of a group or club are only responsible for paying what they still owe for their membership or shares.
•If you’ve already paid your full membership fee, you don’t have to pay anything extra if the group owes money.
•This rule protects members from having to pay more than they agreed to when they joined.

Example

Imagine you join a local club and agree to pay $100 for membership, but you've only paid $60 so far.

If the club owes money to someone, you only have to pay up to the $40 you still owe. You don’t have to pay more than that.

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. (Added by Stats. 1953, Ch. 207.)

This law says that if a group or club owes money, its members only have to pay up to what they still owe for their membership or shares.

Key Takeaways

•Members of a group or club are only responsible for paying what they still owe for their membership or shares.
•If you’ve already paid your full membership fee, you don’t have to pay anything extra if the group owes money.
•This rule protects members from having to pay more than they agreed to when they joined.

Example

Imagine you join a local club and agree to pay $100 for membership, but you've only paid $60 so far.

If the club owes money to someone, you only have to pay up to the $40 you still owe. You don’t have to pay more than that.

Key Takeaways

Example

Key Terms

References

§ 13302 Member Debt Liability Limit

Key Takeaways

Example

Key Terms

References

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References