GroundRules
CORP § 5312
Where this section sits in the code
- Corporations Code - CORP
- TITLE 1. CORPORATIONS [100. - 14707.]
- DIVISION 2. NONPROFIT CORPORATION LAW [5000. - 10841.]
- PART 2. NONPROFIT PUBLIC BENEFIT CORPORATIONS [5110. - 6910.]
- CHAPTER 3. Members [5310. - 5354.]
- ARTICLE 1. Issuance of Memberships [5310. - 5313.]
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.
Collected 2026-09-14T05:56:33Z. Source file · JSON