{"code":"CORP","codeName":"Corporations Code","section":"5312","citation":"Corp. Code, ยง 5312","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"TITLE 1. CORPORATIONS [100. - 14707.]","url":"https://blackletter.si/corporations-code/title-1"},{"name":"DIVISION 2. NONPROFIT CORPORATION LAW [5000. - 10841.]","url":"https://blackletter.si/corporations-code/title-1/division-2"},{"name":"PART 2. NONPROFIT PUBLIC BENEFIT CORPORATIONS [5110. - 6910.]","url":"https://blackletter.si/corporations-code/title-1/division-2/part-2"},{"name":"CHAPTER 3. Members [5310. - 5354.]","url":"https://blackletter.si/corporations-code/title-1/division-2/part-2/chapter-3"},{"name":"ARTICLE 1. Issuance of Memberships [5310. - 5313.]","url":"https://blackletter.si/corporations-code/title-1/division-2/part-2/chapter-3/article-1"}],"history":"Amended by Stats. 1979, Ch. 724.","effective":null,"html":"

No person may hold more than one membership, and no fractional memberships may be held, provided, however, that:

(a) Two or more persons may have an indivisible interest in a single membership when authorized by, and in such manner or under the circumstances prescribed by, the articles or bylaws subject to Section 5612; and

(b) If the articles or bylaws provide for classes of membership and if the articles or bylaws permit a person to be a member of more than one class, a person may hold a membership in one or more classes.

","text":"No person may hold more than one membership, and no fractional memberships may be held, provided, however, that: (a) Two or more persons may have an indivisible interest in a single membership when authorized by, and in such manner or under the circumstances prescribed by, the articles or bylaws subject to Section 5612; and (b) If the articles or bylaws provide for classes of membership and if the articles or bylaws permit a person to be a member of more than one class, a person may hold a membership in one or more classes.","otherVersions":[],"url":"https://blackletter.si/corporations-code/issuance-of-memberships-5312","source":"California Legislative Information bulk export (pubinfo)"}