{"data":{"id":"us-ca/corp-12400","jurisdiction":"us-ca","citation":"CORP § 12400","heading":"","body":"Subject to the articles or bylaws, memberships may be issued by a corporation for no consideration or for such consideration as is determined by the board.","path":["Corporations Code - CORP","TITLE 1. CORPORATIONS [100. - 14707.]","DIVISION 3. CORPORATIONS FOR SPECIFIC PURPOSES [12000. - 14707.]","PART 2. COOPERATIVE CORPORATIONS [12200. - 12704.]","CHAPTER 3. Members [12400. - 12446.]","ARTICLE 1. Issuance of Memberships [12400. - 12405.]"],"source_url":"https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zip","current_through":"2026-09-13","vintage":"","retrieved_at":"2026-09-14T05:56:33Z","sha256":"bb352a18831f3649e41c8d5c19d3197ef1bfe8eefbeca55467440e4fc41fcf33","source_id":"us-ca","stale":false,"prev":"us-ca/corp-12377","next":"us-ca/corp-12401"},"notice":"GroundRules: Original legal text. Not legal advice."}