Corporations Code section 7315

(a)

Except as provided in subdivision (b), or in its articles or bylaws, a corporation may admit any person to membership.

(b)

A corporation may not admit its subsidiary (Section 5073) to membership.

Source: Section 7315, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CORP§ionNum=7315. (accessed May 12, 2025).

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Last Updated

May 12, 2025

§ 7315’s source at ca.gov

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Location: https://california.public.law/codes/corporations_code_section_7315

Original Source: Section 7315, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CORP§ionNum=7315. (last accessed May 12, 2025).