CHAPTER 3. Members [5310. - 5354.]
Chapter 3 added by Stats. 1978, Ch. 567.
§§ 5310–5354 · 16 sections
ARTICLE 1. Issuance of Memberships §§ 5310–5313 · 4 sections
- § 5310 (a) A corporation may admit persons to membership, as provided in its articles or bylaws, or may provide in its articles or bylaws that it shall have no…
- § 5311 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.
- § 5312 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…
- § 5313 Except as provided in its articles or bylaws, a corporation may admit any person to membership.
ARTICLE 2. Transfer of Memberships § 5320 · 1 section
- § 5320 (a) Subject to Section 5613, and unless otherwise provided in the corporation’s articles or bylaws: (1) No member may transfer a membership or any right…
ARTICLE 3. Types of Memberships §§ 5330–5332 · 3 sections
- § 5330 A corporation may issue memberships having different rights, privileges, preferences, restrictions or conditions, as authorized by its articles or bylaws.
- § 5331 Except as provided in or authorized by the articles or bylaws, all memberships shall have the same rights, privileges, preferences, restrictions and conditions.
- § 5332 (a) A corporation may refer to persons associated with it as “members” even though such persons are not members within the meaning of Section 5056; but…
ARTICLE 4. Termination of Memberships §§ 5340–5342 · 3 sections
- § 5340 (a) A member may resign from membership at any time. (b) This section shall not relieve the resigning member from any obligation for charges incurred, services…
- § 5341 (a) No member may be expelled or suspended, and no membership or membership rights may be terminated or suspended, except according to procedures satisfying…
- § 5342 (a) An amendment of the articles or bylaws which would terminate all memberships or any class of memberships shall meet the requirements of this part and this…
ARTICLE 5. Rights and Obligations of Members and Creditors §§ 5350–5354 · 5 sections
- § 5350 (a) A member of a corporation is not, as such, personally liable for the debts, liabilities, or obligations of the corporation. (b) No person is liable for any…
- § 5351 A corporation may levy dues, assessments or fees upon its members pursuant to its articles or bylaws, but a member upon learning of them may avoid liability…
- § 5352 (a) No action shall be brought by or on behalf of any creditor to reach and apply the liability, if any, of a member to the corporation to pay the amount due…
- § 5353 Nothing in this part shall be construed as in derogation of any rights or remedies which any creditor or member may have against any promoter, member,…
- § 5354 A person holding a membership as executor, administrator, guardian, trustee, receiver or in any representative or fiduciary capacity is not personally liable…