{"data":{"id":"us-ca/corp-5312","jurisdiction":"us-ca","citation":"CORP § 5312","heading":"","body":"No person may hold more than one membership, and no fractional memberships may be held, provided, however, that:\n(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\n(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.","path":["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.]"],"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":"c7404ab6cb7fbfbaefa2020acfabdde4c6d6416605d83366bc4a349ea871c724","source_id":"us-ca","stale":false,"prev":"us-ca/corp-5311","next":"us-ca/corp-5313"},"notice":"GroundRules: Original legal text. Not legal advice."}