California CodesBusiness and Professions Code - BPCDivision 7 — General Business RegulationsPart 3 — Representations to the PublicChapter 1 — AdvertisingArticle 2.7 — Travel Consumer Restitution PlanSection 17550.39
(a) Participants shall maintain a corporation under the Nonprofit Mutual Benefit Corporation Law (Part 3 (commencing with Section 7110) of Division 2 of Title 1 of the Corporations Code) operating under the name “Travel Consumer Restitution Corporation.”
(b) The State of California and any of its officers, agents, or employees shall not be liable in any manner for any act or omission of Travel Consumer Restitution Corporation, its directors, officers, agents, or employees.
Notes
Requires participating sellers of travel to maintain a nonprofit mutual benefit corporation named the Travel Consumer Restitution Corporation. Exempts the State of California and its officers, agents, and employees from liability for any act or omission of that corporation or its directors, officers, agents, or employees.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 17550.39 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-7/part-3/chapter-1/article-2-7/section-17550-39