Corporations Code § 12400
‹ § 12377§ 12401 ›Open in browserleginfo ↗12400.
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.
(Repealed and added by Stats. 1982, Ch. 1625, Sec. 3. Operative January 1, 1984.)