There Is a Newer Version of the California Code
2007 California Corporations Code Article 2. Transfer Of Memberships
CA Codes (corp:9320)
CORPORATIONS CODESECTION 9320
9320. Subject to Section 9417: (a) No member may transfer for value a membership or any right arising therefrom; and (b) Unless otherwise provided in the corporation's articles or bylaws, all rights of membership cease upon the member's death or dissolution.
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