A corporation may have one or more classes of members or may have no members. If the corporation has one or more classes of members, the designation of such class or classes shall be set forth in the certificate of incorporation and the manner of election or appointment and the qualifications and rights of the members of each class shall be set forth in the certificate of incorporation or bylaws. If the corporation has no members, or only members not entitled to vote, that fact shall be set forth in the certificate of incorporation and the corporation shall operate under the management of its board of directors. A corporation may issue certificates evidencing membership therein.
Conn. Gen. Stat. § 33-1055
Classes of members
Known as the Connecticut Revised Nonstock Corporation Act
The act spans §§ 33–33 (207 sections).
(P.A. 96-256, S. 37, 209.) History: P.A. 96-256 effective January 1, 1997.
Official source: Connecticut General Assembly. Reproduced from public-domain Connecticut statutes; confirm against the official source for the current text. Not legal advice.