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California Corporations Code

§ 12400

CORP § 12400Div. 3 · Title 1 · Part 2 · Ch. 3 · Art. 1

Statute text

View on leginfo.ca.gov
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.

Legislative history

Repealed and added by Stats. 1982, Ch. 1625, Sec. 3. Operative January 1, 1984.

Source: California Corporations Code § 12400 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.