{"code":"CORP","codeName":"Corporations Code","section":"12403","citation":"Corp. Code, § 12403","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"TITLE 1. CORPORATIONS [100. - 14707.]","url":"https://blackletter.si/corporations-code/title-1"},{"name":"DIVISION 3. CORPORATIONS FOR SPECIFIC PURPOSES [12000. - 14707.]","url":"https://blackletter.si/corporations-code/title-1/division-3"},{"name":"PART 2. COOPERATIVE CORPORATIONS [12200. - 12704.]","url":"https://blackletter.si/corporations-code/title-1/division-3/part-2"},{"name":"CHAPTER 3. Members [12400. - 12446.]","url":"https://blackletter.si/corporations-code/title-1/division-3/part-2/chapter-3"},{"name":"ARTICLE 1. Issuance of Memberships [12400. - 12405.]","url":"https://blackletter.si/corporations-code/title-1/division-3/part-2/chapter-3/article-1"}],"history":"Repealed and added by Stats. 1982, Ch. 1625, Sec. 3.   Operative January 1, 1984.","effective":null,"html":"<p>(a) Except as provided in subdivision (b), or in its articles or bylaws, a corporation may admit any person to membership.</p><p>(b) A corporation may not admit its subsidiary to membership.</p>","text":"(a) Except as provided in subdivision (b), or in its articles or bylaws, a corporation may admit any person to membership. (b) A corporation may not admit its subsidiary to membership.","otherVersions":[],"url":"https://blackletter.si/corporations-code/issuance-of-memberships-12403","source":"California Legislative Information bulk export (pubinfo)"}