CHAPTER 3. Members [7310. - 7354.]

Chapter 3 added by Stats. 1978, Ch. 567.

§§ 7310–7354 · 18 sections

1. ARTICLE 1. Issuance of Memberships §§ 7310–7315 · 6 sections

   • § 7310 (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…
   • § 7311 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.
   • § 7312 No person may hold more than one membership, and no fractional memberships may be held, except as follows: (a) Two or more persons may have an indivisible…
   • § 7313 (a) A corporation may, but is not required to, issue membership certificates. Nothing in this section shall restrict a corporation from issuing identity cards…
   • § 7314 (a) A corporation may issue a new membership certificate or a new certificate for any security in the place of any certificate theretofore issued by it,…
   • § 7315 (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…
2. ARTICLE 2. Transfer of Memberships § 7320 · 1 section

   • § 7320 Subject to Section 7613: (a) Unless the articles or bylaws otherwise provide: (1) No member may transfer a membership or any right arising therefrom; and (2)…
3. ARTICLE 3. Types of Memberships §§ 7330–7333 · 4 sections

   • § 7330 A corporation may issue memberships having different rights, privileges, preferences, restrictions, or conditions, as authorized by its articles or bylaws.
   • § 7331 Except as provided in or authorized by the articles or bylaws, all memberships shall have the same rights, privileges, preferences, restrictions and conditions.
   • § 7332 (a) A corporation may provide in its articles for one or more classes of memberships which are redeemable, in whole or in part, at the option of the…
   • § 7333 (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…
4. ARTICLE 4. Termination of Memberships §§ 7340–7341 · 2 sections

   • § 7340 (a) A member may resign from membership at any time, although the articles or bylaws may require reasonable notice before the resignation is effective. (b)…
   • § 7341 (a) No member may be expelled or suspended, and no membership or memberships may be terminated or suspended, except according to procedures satisfying the…
5. ARTICLE 5. Rights and Obligations of Members and Creditors §§ 7350–7354 · 5 sections

   • § 7350 (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…
   • § 7351 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…
   • § 7352 A person holding a membership as pledgee or a membership as executor, administrator, guardian, trustee, receiver or in any representative or fiduciary capacity…
   • § 7353 (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…
   • § 7354 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,…