California Law (Last Updated: March 4, 2014) |
Corporations Code - CORP |
Title 1. CORPORATIONS |
Division 2. NONPROFIT CORPORATION LAW |
Part 4. NONPROFIT RELIGIOUS CORPORATIONS |
Chapter 3. Members |
ARTICLE 2. Transfer of Memberships |
Section 9320.
Latest version.
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Subject to Section 9417:
(a) No member may transfer for value a membership or any right arising therefrom; and
(b) Unless otherwise provided in the corporation's articles or bylaws, all rights of membership cease upon the member's death or dissolution.
(Amended by Stats. 1981, Ch. 587, Sec. 50.)