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California Corporations Code

§ 7315

CORP § 7315Div. 2 · Title 1 · Part 3 · Ch. 3 · Art. 1

Statute text

View on leginfo.ca.gov
(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 (Section 5073) to membership.

Legislative history

Amended by Stats. 1979, Ch. 724.

Source: California Corporations Code § 7315 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.