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HomeCorporations CodeCh. 2§ 29103 Corporate Liability Separation

§ 29103 Corporate Liability Separation

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

§ 29103 Corporate Liability Separation

Key Takeaways

  • •If a company breaks the law, the company can get in trouble.
  • •Just because the company is punished, it doesn’t mean the boss or workers automatically get punished too.
  • •The law treats the company and its people separately.

Example

A toy company sells unsafe toys and gets fined.

The company has to pay the fine, but the CEO or the workers won’t automatically get in trouble just because the company did.

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

Official Source
View on CA.gov

§ 29103 Corporate Liability Separation

The prosecution, conviction, and punishment of a corporation under any provision of this chapter shall not be deemed to be a prosecution, conviction, or punishment of any of its officers, directors, or shareholders. (Added by Stats. 1949, Ch. 386.)

Last verified: January 23, 2026

Key Terms

prosecutionconvictionpunishmentcorporationofficersdirectorsshareholders

Related Statutes

  • § 208 Corporate Power Limitations Enforcement
  • § 12377 Corporate Agent Indemnification Rules
  • § 213 Corporate Bylaws Access Requirements
  • § 13401.5 Professional Corporation Ownership Limits
  • § 5141 Corporate Power Limitations Enforcement

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Corporations Code. Section 29103.
View Official Source