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HomeCorporations CodeCh. 3Art. 1§ 7311 Membership Issuance Terms

§ 7311 Membership Issuance Terms

Corporations Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 7311 Membership Issuance Terms

Key Takeaways

  • •A company can give out memberships for free or charge money for them.
  • •The company's rules or the board decides if memberships are free or cost money.
  • •The company can change how much memberships cost.

Example

A local gym wants to give free memberships to kids under 12.

The gym's board can decide to give free memberships to kids if they want. They can also charge adults money for memberships.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 7311 Membership Issuance Terms

Subject to the articles or bylaws, memberships may be issued by a corporation for no consideration or for such consideration as is determined by the board. (Amended by Stats. 1981, Ch. 587, Sec. 30.)

Last verified: January 23, 2026

Key Terms

membershipsconsiderationarticles or bylawsboard

Related Statutes

  • § 12400 Membership Issuance Consideration Rules
  • § 5311 Membership Consideration Determination
  • § 9311 Membership Issuance Terms
  • § 5310 Corporate Membership Requirements
  • § 7310 Corporate Membership Requirements

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Corporations Code. Section 7311.
View Official Source