Cal. Corporations Code § 7320
Cal. Corporations Code § 7320
California · California Corporations Code · Status: effective
Cite this
- Citation
- Cal. Corporations Code § 7320, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/791867
- Permanent ID
ys:prov:791867@1- SHA-256
78d6c7d7df624a946caaf8da2035d1f3a97314facd3e4479aeb989a0a98cbf2c
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
Subject to Section 7613:
(a) Unless the articles or bylaws otherwise provide:
(1) No member may transfer a membership or any right arising therefrom; and
(2) Subject to the provisions of subdivision (b), all rights as a member of the corporation cease upon the member’s death or dissolution.
(b) The articles or bylaws may provide for, or may authorize the board to provide for, the transfer of memberships, or of memberships within any class or classes, with or without restriction or limitation, including transfer upon the death, dissolution, merger, or reorganization of a member.
(c) Where transfer rights have been provided, no restriction of them shall be binding with respect to memberships issued prior to the adoption of the restriction, unless the holders of such memberships voted in favor of the restriction.