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Title 10 – Corporations and Associations Chapter 29 – Members and Membership-nonprofit Corporations Article 1 – Admission of Members A corporation is not required to have members.

Title 10 – Corporations and Associations Chapter 29 – Members and Membership-nonprofit Corporations Article 2 – Types of Memberships-members’ Rights and Obligations All members have the same rights and obligations with respect to voting, dissolution, redemption and transfer, unless the articles of incorporation or bylaws establish classes of membership with different rights or obligations or […]

Title 10 – Corporations and Associations Chapter 29 – Members and Membership-nonprofit Corporations Article 2 – Types of Memberships-members’ Rights and Obligations A. Except as set forth in or authorized by the articles of incorporation or bylaws, no member of a corporation may transfer a membership or any right arising from that membership. B. If […]

Title 10 – Corporations and Associations Chapter 29 – Members and Membership-nonprofit Corporations Article 2 – Types of Memberships-members’ Rights and Obligations A member of a corporation is not personally liable for the acts, debts, liabilities or obligations of the corporation.

Title 10 – Corporations and Associations Chapter 29 – Members and Membership-nonprofit Corporations Article 2 – Types of Memberships-members’ Rights and Obligations A. A member may become liable to the corporation for dues, assessments and fees. A provision of the articles of incorporation, a provision of the bylaws or a resolution adopted by the board […]

Title 10 – Corporations and Associations Chapter 29 – Members and Membership-nonprofit Corporations Article 2 – Types of Memberships-members’ Rights and Obligations A. No creditor of the corporation may bring a proceeding to reach the liability of a member to the corporation unless final judgment has been rendered in favor of the creditor against the […]

Title 10 – Corporations and Associations Chapter 29 – Members and Membership-nonprofit Corporations Article 3 – Resignation and Termination A. A member may resign at any time, except as set forth in or authorized by the articles of incorporation or bylaws. B. The resignation of a member does not relieve the member from any obligations […]

Title 10 – Corporations and Associations Chapter 29 – Members and Membership-nonprofit Corporations Article 3 – Resignation and Termination A. No member of a corporation may be expelled or suspended, and no membership or memberships in such a corporation may be terminated or suspended, except pursuant to a procedure that is set forth in the […]

Title 10 – Corporations and Associations Chapter 29 – Members and Membership-nonprofit Corporations Article 3 – Resignation and Termination Except as provided in the articles of incorporation or bylaws, a corporation may purchase the membership of a member who resigns or whose membership is terminated for the amount and pursuant to the conditions set forth […]

Title 10 – Corporations and Associations Chapter 29 – Members and Membership-nonprofit Corporations Article 4 – Derivative Suits In this article, unless the context otherwise requires: 1. "Derivative proceeding" means a civil suit in the right of a domestic corporation or, to the extent provided in section 10-3637, in the right of a foreign corporation. […]

Title 10 – Corporations and Associations Chapter 29 – Members and Membership-nonprofit Corporations Article 4 – Derivative Suits A. A proceeding may be brought in the right of a domestic corporation to procure a judgment in its favor by either: 1. In the case of a corporation that has members, any member or members having […]

Title 10 – Corporations and Associations Chapter 29 – Members and Membership-nonprofit Corporations Article 4 – Derivative Suits No complainant may commence a derivative proceeding until both: 1. A written demand has been made on the corporation to take suitable action. 2. Ninety days have expired from the date the demand was made unless the […]