(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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Revised Section |
Source (U.S. Code) |
Source (Statutes at Large) |
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23103(a) |
36:4306(a). |
July 14, 1964, Pub. L. 88–372, § 6, 78 Stat. 316. |
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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.