Cal. CORP § 18620
This is the official text of Cal. CORP § 18620, part of California’s Corporations Code — governs the formation and operation of corporations, LLCs, and partnerships, and regulates securities.
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Official statutory text
(a) A member, director, officer, or agent of a nonprofit association shall be liable for injury, damage, or harm caused by an act or omission of the association or an act or omission of a director, officer, or agent of the association, if any of the following conditions is satisfied:
(1) The member, director, officer, or agent expressly assumes liability for injury, damage, or harm caused by particular conduct and that conduct causes the injury, damage, or harm.
(2) The member, director, officer, or agent engages in tortious conduct that causes the injury, damage, or harm.
(3) The member, director, officer, or agent is otherwise liable under any other statute.
(b) This section provides a nonexclusive list of existing grounds for liability, and does not foreclose any common law grounds for liability.
(1) The member, director, officer, or agent expressly assumes liability for injury, damage, or harm caused by particular conduct and that conduct causes the injury, damage, or harm.
(2) The member, director, officer, or agent engages in tortious conduct that causes the injury, damage, or harm.
(3) The member, director, officer, or agent is otherwise liable under any other statute.
(b) This section provides a nonexclusive list of existing grounds for liability, and does not foreclose any common law grounds for liability.
Status: in_force · Read it on the official government site
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