§31103. Membership
Primary source
Verbatim text below is from the United States Code (GovInfo), a public-domain U.S. government work.
Full Text
§31103. Membership
(a)
(b)
(c)
(1) resignation from the corporation; or
(2) termination of its membership by the board of directors of the corporation as provided in the constitution.
| Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
|---|---|---|
| 31103(a) | 36:696(a) (1st sentence). | Aug. 6, 1956, ch. 976, §6, 70 Stat. 1053. |
| 31103(b) | 36:696(a) (last sentence). | |
| 31103(c) | 36:696(b). |
In subsection (a), the words "are as provided in the constitution and bylaws of the corporation" are substituted for "shall . . . be determined as the constitution and bylaws of the corporation may provide" for consistency in the revised title and to eliminate unnecessary words.
In subsection (b), the words "the right to" are omitted as unnecessary.
In subsection (c), the words "on termination of membership, whether by" are substituted for "either upon" for clarity. The words "in the event that" and "canceled or otherwise" are omitted as unnecessary.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.