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Marginalia
Code · California · Corporations Code

§ 5041

56 words·~1 min read·/ca/corporations-code/5041

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“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.
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