(a) Eligibility.—
(1)
Except as provided in this chapter, eligibility for membership in the corporation and the rights, privileges, and designation of classes of members are as provided in the constitution and bylaws of the corporation.
Historical and Revision Notes |
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Revised Section |
Source (U.S. Code) |
Source (Statutes at Large) |
130103 |
36:78d. |
June 17, 1959, Pub. L. 86–47, § 5, 73 Stat. 78. |
In subsection (a)(1), the words “are as provided in the constitution and bylaws of the corporation” are substituted for “shall . . . be determined as the constitution and bylaws of the corporation may provide” for consistency in the revised title.
In subsection (a)(2)(A), the words “at any time” are added for clarity.