Statute · California Corporations Code
Cal. Corp. Code § 5041 — GENERAL PROVISIONS AND DEFINITIONS GOVERNING PARTS 1 THROUGH 5
Cal. Corp. Code § 5041
- Type
- Statute
- Source
- California Corporations Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
“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…
Citator
Cal. Corp. Code § 5041 — GENERAL PROVISIONS AND DEFINITIONS GOVERNING PARTS 1 THROUGH 5 is in force in the current edition of the Code, and nothing recorded condemns it.
“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.