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HomeCorporations CodeCh. 3Art. 3§ 5332 Corporate Member Definitions

§ 5332 Corporate Member Definitions

Corporations Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 5332 Corporate Member Definitions

Key Takeaways

  • •A company can call people 'members' even if they aren't official members under the law.
  • •The company can help non-members, but the board or company rules decide how much to charge for it.
  • •If the law talks about 'members,' it means the official ones, not just anyone the company calls a member.

Example

A gym calls everyone who pays a 'member,' but only some have voting rights.

The gym can help non-members (like guests) and charge them, but the real 'members' with voting rights are the ones the law cares about.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 5332 Corporate Member Definitions

(a) A corporation may refer to persons associated with it as “members” even though such persons are not members within the meaning of Section 5056; but references to members in this part mean members as defined in Section 5056. (b) A corporation may benefit, serve, or assist persons who are not members within the meaning of Section 5056 for such consideration, if any, as the board may determine or as is authorized or provided for in the articles or bylaws. (Amended by Stats. 1979, Ch. 724.)

Last verified: January 23, 2026

Key Terms

membersSection 5056boardarticles or bylaws

Related Statutes

  • § 7333 Corporate Member Terminology Rules
  • § 9332 Corporate Member Designation Rules
  • § 5310 Corporate Membership Requirements
  • § 7310 Corporate Membership Requirements
  • § 9310 Corporate Membership Rules

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Corporations Code. Section 5332.
View Official Source