Cal. Corp. Code § 12403

Current through the 2023 Legislative Session.
Section 12403 - Admission to membership
(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.

Ca. Corp. Code § 12403

Repealed and added by Stats. 1982, Ch. 1625, Sec. 3. Operative January 1, 1984.