Corporations 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.

Source: Section 5041, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CORP§ionNum=5041. (updated Jan. 1, 1979; accessed Jun. 9, 2025).

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Verified:
Jun. 9, 2025

§ 5041’s source at ca.gov

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Location: https://california.public.law/codes/corporations_code_section_5041

Original Source: Section 5041, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CORP§ionNum=5041. (last accessed May 12, 2025).