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Cal. Corporations Code § 7315

Cal. Corporations Code § 7315

California · California Corporations Code · Status: effective

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Cal. Corporations Code § 7315, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/791865
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(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.