Membership

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§23103. 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. 1312 .)

Historical and Revision Notes
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).  

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.


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