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TITLE 1. CORPORATIONS 100-14631›DIVISION 2. NONPROFIT CORPORATION LAW 5000-10841›PART 2. NONPROFIT PUBLIC BENEFIT CORPORATIONS 5110-6910›CHAPTER 3. Members 5310-5354›ARTICLE 1. Issuance of Memberships 5310-5313

§ 5312

California Corporations Code · 2018-11 edition · updated 2026-10-04 · California

No person may hold more than one membership, and no fractional memberships may be held, provided, however, that:

(a) Two or more persons may have an indivisible interest in a single membership when authorized by, and in such manner or under the circumstances prescribed by, the articles or bylaws subject to Section 5612; and

(b) If the articles or bylaws provide for classes of membership and if the articles or bylaws permit a person to be a member of more than one class, a person may hold a membership in one or more classes.

(Amended by Stats. 1979, Ch. 724.)

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