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Code · California · Corporations Code

§ 9320

40 words·~1 min read·/ca/corporations-code/9320

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Subject to Section 9417:
(a)No member may transfer for value a membership or any right arising therefrom; and
(b)Unless otherwise provided in the corporation’s articles or bylaws, all rights of membership cease upon the member’s death or dissolution.
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