Corp. Code, § 7315 · Article 1. Issuance of Memberships
Corp. Code, § 7315
Verbatim from the official edition
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
(a) Except as provided in subdivision (b), or in its articles or bylaws, a corporation may admit any person to membership.
(b) A corporation may not admit its subsidiary (Section 5073) to membership.
Notes and commentary — not statutory text
History
Amended by Stats. 1979, Ch. 724.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CORP§ionNum=7315.
- Text hash
- sha256 3dc357f937731e89983c99aed51585c414dffd3ad00038c39a94a74516f6504a
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
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Corporations Code
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Corporations Code
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