Section 19719 Of Chapter 9. Violations From California Revenue And Taxation Code >> Division 2. >> Part 10.2. >> Chapter 9.
19719
. (a) Any person who attempts or purports to exercise the
powers, rights, and privileges of a corporation that has been
suspended pursuant to Section 23301 or who transacts or attempts to
transact intrastate business in this state on behalf of a foreign
corporation, the rights and privileges of which have been forfeited
pursuant to the section, is punishable by a fine of not less than two
hundred fifty dollars ($250) and not exceeding one thousand dollars
($1,000), or by imprisonment not exceeding one year, or both fine and
imprisonment.
(b) This section shall not apply to any insurer, or to counsel
retained by an insurer on behalf of the suspended corporation, who
provides a defense for a suspended corporation in a civil action
based upon a claim for personal injury, property damage, or economic
losses against the suspended corporation, and, in conjunction with
this defense, prosecutes subrogation, contribution, or indemnity
rights against persons or entities in the name of the suspended
corporation.
(c) Nothing in this section shall create or limit any obligation
upon an insurer to defend a suspended corporation.