Corporations Code § 12403
‹ § 12402§ 12404 ›Open in browserleginfo ↗12403.
(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 to membership.
(Repealed and added by Stats. 1982, Ch. 1625, Sec. 3. Operative January 1, 1984.)