California Corporations Code

§ 12403

Name: California Superior Court Tentative Rulings
Creator: DecisionDepot
License: https://creativecommons.org/licenses/by-nc/4.0/

CORP § 12403Div. 3 · Title 1 · Part 2 · Ch. 3 · Art. 1

(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 subsidiary to membership.

Legislative history

Repealed and added by Stats. 1982, Ch. 1625, Sec. 3. Operative January 1, 1984.