Corporations Code § 7315

ARTICLE 1. Issuance of Memberships

Current as of September 28, 2026Corp. Code, § 7315Official source ↗

Amended by Stats. 1979, Ch. 724.

(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 (Section 5073) to membership.