(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.
Cal. Corp. Code § 7315
Issuance of Memberships
Known as the Nonprofit Mutual Benefit Corporation Law
The act spans §§ 7110–8910 (196 sections).
Amended by Stats. 1979, Ch. 724.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.