California Statutes
§ 12403. — 12403. (Repealed and added by Stats. 1982, Ch. 1625, Sec. 3.)
California·Code CORP Corporations Code - CORP·Div. 3.·Title 1. DIVISION 3. CORPORATIONS FOR SPECIFIC PURPOSES·Part 2. PART 2. COOPERATIVE CORPORATIONS·Ch. 3. CHAPTER 3. Members·Art. 1. ARTICLE 1. Issuance of Memberships
(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.
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California § 12403. (12403. (Repealed and added by Stats. 1982, Ch. 1625, Sec. 3.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Repealed and added by Stats. 1982, Ch. 1625, Sec. 3. Operative January 1, 1984.