Cal. Corp. Code § 9320

Current through the 2023 Legislative Session.

Section 9320 - No transfer for value; membership rights cease upon member's death or dissolution

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.

Ca. Corp. Code § 9320

Amended by Stats. 1981, Ch. 587, Sec. 50.