Franchise or Property.
The purchaser or his assignee is entitled to recover any penalties imposed by law and recoverable by the corporation for an injury to the franchise or property thereof, or for any damages or other causes, occurring during the time he holds the same, and may use the name of the corporation for the purchase of any action necessary to recover the same. A recovery for damages, or any penalties thus had, is a bar to any subsequent action by or on behalf of the corporation for the same. SOURCE: CCP § 724c.