Ca_Law

statute | California

Corporations Code - CORP - CORP § 12403

  • UIDca_leginfo_codes:corp-12403
  • CitationCorporations Code - CORP - CORP § 12403
  • Court / bodyCalifornia Legislative Counsel
  • Decision dateN/A
  • CollectionPUBINFO_2025
  • SourceOriginal

Summary

(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.

Text

(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.

Retrieval chunks

  • #1 | Corporations Code - CORP - CORP § 12403

    (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.