ARTICLE 1. Issuance of Memberships

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

§§ 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.