Corporations Code § 9320

ARTICLE 2. Transfer of Memberships

Current as of September 28, 2026Corp. Code, § 9320Official source ↗

Amended by Stats. 1981, Ch. 587, Sec. 50.

Subject to Section 9417:

(a) No member may transfer for value a membership or any right arising therefrom; and

(b) Unless otherwise provided in the corporation’s articles or bylaws, all rights of membership cease upon the member’s death or dissolution.