California Business and Professions Code 17550.51 – The Travel Consumer Restitution Corporation shall not be liable for …
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The Travel Consumer Restitution Corporation shall not be liable for any consequential damages, or for any punitive damages, in connection with the performance of its restitution function.
(Added by Stats. 1994, Ch. 1123, Sec. 3. Effective January 1, 1995.)
Terms Used In California Business and Professions Code 17550.51
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.