California Corporations Code ARTICLE 1 - Issuance of Memberships

• Section 12400.
  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...
• Section 12401.
  (a) A corporation may issue, but is not required to issue, membership certificates. In the event that membership certificates are issued, the certificates shall state the...
• Section 12402.
  (a) A corporation may issue a new membership certificate in the place of any certificate theretofore issued by it, alleged to have been lost, stolen or...
• Section 12403.
  (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...
• Section 12404.
  Except as permitted in Sections 12314 and 12404.5, the voting power of members having voting rights shall be equal.(Amended by Stats. 2015, Ch. 192, Sec....
• Section 12404.5.
  (a) The worker-members of a worker cooperative shall have voting power as provided in subdivision (a) of Section 12253.(b) Community investors have voting power only as provided...
• Section 12405.
  There shall be no voting by proxy.(Amended by Stats. 1983, Ch. 792, Sec. 20.)

Last modified: October 22, 2018