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.

(Added by Stats. 1990, Ch. 969, Sec. 2.)

Terms Used In California Corporations Code 29555

  • Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
  • Person: includes a corporation as well as a natural person. See California Corporations Code 18
  • Statute: A law passed by a legislature.
  • this law: refer to the applicable provisions of this division unless the context otherwise requires. See California Corporations Code 29500
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