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LAW CODE


California Code
CORPORATIONS CODE
SECTION 9330-9332




9330. A corporation may issue memberships having different rights,
privileges, preferences, restrictions, or conditions, as authorized
by its articles or bylaws.



9331. Except as provided in or authorized by the articles or
bylaws, all memberships shall have the same rights, privileges,
preferences, restrictions, and conditions.



9332. (a) A corporation may refer to persons associated with it as
"members" even though such persons are not members within the meaning
of Section 5056; but references to members in this part mean members
as defined in Section 5056.
(b) A corporation may benefit, serve, or assist persons who are
not members within the meaning of Section 5056 for such
consideration, if any, as the board may determine or as is authorized
or provided for in the articles or bylaws.


 




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