California Corporations Code

§ 12410

CORP § 12410Div. 3 · Title 1 · Part 2 · Ch. 3 · Art. 2

Statute text

(a)Unless the articles or bylaws otherwise provide:

(1)No member may transfer a membership or any right arising therefrom; and

(2)Subject to the provisions of subdivision (b), Section 12422, and Section 12445, all rights as a member of the corporation cease upon the member’s death or dissolution or the dissolution of a member which is a business entity.

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Legislative history

Amended by Stats. 1983, Ch. 792, Sec. 21.