“Membership certificate,” as used in this part, means a document evidencing a proprietary interest in a corporation.

(Added by Stats. 1982, Ch. 1625, Sec. 3. Operative January 1, 1984.)

Terms Used In California Corporations Code 12240

  • Corporation: as used in this part means a corporation which is organized under, or subject to this part, including a central organization. See California Corporations Code 12232
  • On the certificate: as used in this part means that a statement appears on the face of a certificate or on the reverse thereof with a reference thereto on the face. See California Corporations Code 12242