California · Corporations Code

CORP §29555: Except as explicitly provided in this law, no civil liability in favor of any private party shall arise against any person by implication from, or as a result of, the violation of any provision of thi

What this law says, in plain English

This statute prevents private parties from suing someone for damages based on violations of this law's provisions, unless the law explicitly allows such lawsuits.

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Except as explicitly provided in this law, no civil liability in favor of any private party shall arise against any person by implication from, or as a result of, the violation of any provision of this law or any rule or order under this law. Nothing in this law shall limit any liability which may exist by virtue of any other statute or under common law if this law were not in effect.

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