California § 6603 - No member of a mutual association is responsible for any losses of the associatio
Full text of California Public Contract Code - PCC § 6603 — No member of a mutual association is responsible for any losses of the associatio, with citation guidance and answers to common questions.
§ 6603. No member of a mutual association is responsible for any losses of the associatio
No member of a mutual association is responsible for any losses of the association, no savings account is subject to assessment, and no savings account holder is liable for any unpaid installments on the account.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 6603
What does Public Contract Code - PCC § 6603 cover?
Section 6603 ("No member of a mutual association is responsible for any losses of the associatio") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 6603?
A common citation format is "Public Contract Code - PCC § 6603" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 6603 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.