(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.
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Historical and Revision Notes |
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|---|---|---|
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Revised Section |
Source (U.S. Code) |
Source (Statutes at Large) |
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20103 |
36:976. |
Aug. 31, 1960, Pub. L. 86–680, § 6, 74 Stat. 575. |
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” to eliminate unnecessary words.
In subsection (b), the words “the right to” are omitted as unnecessary.
| CFR Title | Parts |
|---|---|
| 36 | 401 |