California Corporations Code 9311 – Subject to the articles or bylaws, memberships may be issued by a …
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Subject to the articles or bylaws, memberships may be issued by a corporation for no consideration or for such consideration as is determined by the board.
(Amended by Stats. 1979, Ch. 724.)
Terms Used In California Corporations Code 9311
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.