(a) Eligibility.—
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 bylaws.
Historical and Revision Notes |
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Revised Section |
Source (U.S. Code) |
Source (Statutes at Large) |
23103(a) |
36:4306(a). |
July 14, 1964, Pub. L. 88–372, § 6, 78 Stat. 316. |
23103(b) |
36:4306(b). |
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In subsection (a), the words “are as provided in the bylaws” are substituted for “shall . . . be determined as the bylaws of the corporation may provide” for consistency in the revised title.