Membership

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§20103. Membership

(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.

(b) Voting.-Each member given voting rights by the bylaws has one vote on each matter submitted to a vote at a meeting of the voting members. The vote may be cast in the manner provided in the bylaws.

( Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1284 .)

Historical and Revision Notes
Revised

Section

Source (U.S. Code)Source (Statutes at Large)
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.


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