California Statutes
§ 5312. — 5312. (Amended by Stats. 1979, Ch. 724.)
California·Code CORP Corporations Code - CORP·Div. 2.·Title 1. DIVISION 2. NONPROFIT CORPORATION LAW·Part 2. PART 2. NONPROFIT PUBLIC BENEFIT CORPORATIONS·Ch. 3. CHAPTER 3. Members·Art. 1. ARTICLE 1. Issuance of Memberships
No person may hold more than one membership, and no fractional memberships may be held, provided, however, that:
(a)Two or more persons may have an indivisible interest in a single membership when authorized by, and in such manner or under the circumstances prescribed by, the articles or bylaws subject to Section 5612; and
(b)If the articles or bylaws provide for classes of membership and if the articles or bylaws permit a person to be a member of more than one class, a person may hold a membership in one or more classes.
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California § 5312. (5312. (Amended by Stats. 1979, Ch. 724.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 1979, Ch. 724.