California Corporations Code 5313 – Except as provided in its articles or bylaws, a corporation may admit …
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Except as provided in its articles or bylaws, a corporation may admit any person to membership.
(Added by Stats. 1978, Ch. 567.)
Terms Used In California Corporations Code 5313
- 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.
- Person: includes a corporation as well as a natural person. See California Corporations Code 18