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SECTION

2940. Where the formation of the cor-
poration is prohibited by law
or public policy.

2941. Where the business for which
the corporation is formed is
illegal.

2942. Members of religious corpora-

tions may be personally lia-

ble.

2943. Shareholders personally liable
for frauds committed in deal-
ing with corporate assets.
2944. Not personally liable for secur-
ing to themselves a fraudulent
preference.

2945. Not personally liable for ultra

vires debts.

2946. Liability of sole stockholder.

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