ARTICLE 3. Types of Memberships

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

§§ 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…