California Law (Last Updated: March 4, 2014) |
Corporations Code - CORP |
Title 1. CORPORATIONS |
Division 2. NONPROFIT CORPORATION LAW |
Part 3. NONPROFIT MUTUAL BENEFIT CORPORATIONS |
Chapter 3. Members |
ARTICLE 1. Issuance of Memberships |
Section 7315.
Latest version.
-
(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.
(Amended by Stats. 1979, Ch. 724.)