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HomeCorporations CodeCh. 3Art. 4§ 5340 Membership Resignation And Obligations

§ 5340 Membership Resignation And Obligations

Corporations Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 5340 Membership Resignation And Obligations

Key Takeaways

  • •You can quit a club or group anytime you want.
  • •Even if you quit, you still have to pay for stuff you already used or promised to pay.
  • •If your membership has a time limit, it ends when the time is up unless you renew it.

Example

You join a gym with a one-year membership and pay monthly. After 6 months, you decide to quit.

You can quit the gym, but you still have to pay for the 6 months you used it. If you signed a contract for the full year, you might have to pay the rest or a fee for breaking the contract.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 5340 Membership Resignation And Obligations

(a) A member may resign from membership at any time. (b) This section shall not relieve the resigning member from any obligation for charges incurred, services or benefits actually rendered, dues, assessments or fees, or arising from contract or otherwise, and this section shall not diminish any right of the corporation to enforce any such obligation or obtain damages for its breach. (c) A membership issued for a period of time shall expire when such period of time has elapsed unless the membership is renewed. (Amended by Stats. 1979, Ch. 724.)

Last verified: January 23, 2026

Key Terms

resignobligationchargesduesfeesmembershiprenewed

Related Statutes

  • § 9340 Membership Resignation And Termination
  • § 12430 Membership Resignation And Expiration
  • § 7340 Membership Resignation And Obligations
  • § 12441 Member Dues And Fees Liability
  • § 5351 Member Dues And Resignation

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Corporations Code. Section 5340.
View Official Source