2007 California Corporations Code Article 3. Types Of Memberships

CA Codes (corp:5330-5332)

CORPORATIONS CODE
SECTION 5330-5332



5330.  A  corporation may issue memberships having different rights,
privileges, preferences, restrictions or conditions, as authorized
by its articles or bylaws.



5331.  Except as provided in or authorized by the articles or
bylaws, all memberships shall have the same rights, privileges,
preferences, restrictions and conditions.



5332.  (a) A corporation may refer to persons associated with it as
"members" even though such persons are not members within the meaning
of Section 5056; but references to members in this part mean members
as defined in Section 5056.
   (b) A corporation may benefit, serve, or assist persons who are
not members within the meaning of Section 5056 for such
consideration, if any, as the board may determine or as is authorized
or provided for in the articles or bylaws.

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