Code Section Group

Corporations Code - CORP

TITLE 1. CORPORATIONS [100 - 14631]

  ( Title 1 enacted by Stats. 1947, Ch. 1038. )

DIVISION 2. NONPROFIT CORPORATION LAW [5000 - 10841]

  ( Heading of Division 2 amended by Stats. 1978, Ch. 567. )

PART 2. NONPROFIT PUBLIC BENEFIT CORPORATIONS [5110 - 6910]

  ( Part 2 added by Stats. 1978, Ch. 567. )

CHAPTER 3. Members [5310 - 5354]

  ( Chapter 3 added by Stats. 1978, Ch. 567. )

ARTICLE 3. Types of Memberships [5330 - 5332]
  ( Article 3 added by Stats. 1978, Ch. 567. )

5330.
  

A corporation may issue memberships having different rights, privileges, preferences, restrictions or conditions, as authorized by its articles or bylaws.

(Amended by Stats. 1979, Ch. 724.)

5331.
  

Except as provided in or authorized by the articles or bylaws, all memberships shall have the same rights, privileges, preferences, restrictions and conditions.

(Amended by Stats. 1979, Ch. 724.)

5332.
  

(a) A corporation may refer to persons associated with it as “members” even though such persons are not members within the meaning of Section 5056; but references to members in this part mean members as defined in Section 5056.

(b) A corporation may benefit, serve, or assist persons who are not members within the meaning of Section 5056 for such consideration, if any, as the board may determine or as is authorized or provided for in the articles or bylaws.

(Amended by Stats. 1979, Ch. 724.)

CORPCorporations Code - CORP3.