Statute · California Corporations Code
Cal. Corp. Code § 5340 — Termination of Memberships
Cal. Corp. Code § 5340
- Type
- Statute
- Source
- California Corporations Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
(a) A member may resign from membership at any time.
Citator
Cal. Corp. Code § 5340 — Termination of Memberships is in force in the current edition of the Code, and nothing recorded condemns it.
(a) A member may resign from membership at any time.
(b) This section shall not relieve the resigning member from any obligation for charges incurred, services or benefits actually rendered, dues, assessments or fees, or arising from contract or otherwise, and this section shall not diminish any right of the corporation to enforce any such obligation or obtain damages for its breach.
(c) A membership issued for a period of time shall expire when such period of time has elapsed unless the membership is renewed.