Section 30103 · Membership

Amended 1 time on record

(a) Eligibility.—Except as provided in this chapter, eligibility for membership in the corporation and the rights, privileges, and designation of classes of members are as provided in the constitution and bylaws of the corporation.

(b) Voting.—Each member has one vote on each matter submitted to a vote at a meeting of the members.

Editorial notes U.S. Code · Office of the Law Revision Counsel

SectionSource (U.S. Code)Source (Statutes at Large) 30103 36:886. Sept. 2, 1958, Pub. L. 85–870, §6, 72 Stat. 1692. In subsection (a), the words “are as provided in the constitution and bylaws of the corporation” are substituted for “shall . . . be determined as the constitution and bylaws of the corporation may provide” for consistency in the revised title and to eliminate unnecessary words.

In subsection (b), the words “the right to” are omitted as unnecessary.