CA Corp Code Section 5041

“Class” refers to those memberships which: (a) are identified in the articles or bylaws as being a different type of membership; or (b) have the same rights with respect to voting, dissolution, redemption and transfer. For the purpose of this section, rights shall be considered the same if they are determined by a formula applied uniformly.
Last Updated

Aug. 19, 2023

§ 5041’s source at ca​.gov