ARTICLE 1. Issuance of Memberships [7310. - 7315.]

Article 1 added by Stats. 1978, Ch. 567.

§§ 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…