BlackletterCalifornia law

Corporations Code § 5311

ARTICLE 1. Issuance of Memberships

Current as of September 28, 2026Corp. Code, § 5311Official source ↗

Amended by Stats. 1981, Ch. 587, Sec. 10.

Subject to the articles or bylaws, memberships may be issued by a corporation for no consideration or for such consideration as is determined by the board.