Effective 01 Jul 1995, see footnote
355.181. Members. — 1. The articles or bylaws may establish criteria or procedures for admission of members. No person shall be admitted as a member without his or her consent.
2. A corporation is not required to have members.
3. Except as provided in its articles or bylaws, a corporation may admit members for no consideration or for such consideration as is determined by the board.
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(L. 1994 H.B. 1095)
Effective 7-01-95
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