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California Code, Corporations Code - CORP § 5041

Current as of January 01, 2025 | Updated by Findlaw Staff

“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.

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Cite this article: FindLaw.com - California Code, Corporations Code - CORP § 5041 - last updated January 01, 2025 | https://codes.findlaw.com/ca/corporations-code/corp-sect-5041/

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