Section 5041.

Latest version.

"Class" refers to those memberships which: (a) are identified in the articles or bylaws as being a different type of membership; or (b) have the same rights with respect to voting, dissolution, redemption and transfer. For the purpose of this section, rights shall be considered the same if they are determined by a formula applied uniformly.

(Repealed and added by Stats. 1979, Ch. 724.)

                    
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