There is a newer version of the California Code
2011 California Code
Corporations Code
TITLE 1. CORPORATIONS [100 - 14551]
ARTICLE 1. Issuance of Memberships
Section 7311
CA Corp Code § 7311 (through 2012 Leg Sess) What's This?
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.
(Amended by Stats. 1981, Ch. 587, Sec. 30.)
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