6 Questions
How can the right to vote of members be modified?
It can be limited, broadened, or denied
How can a member vote unless otherwise provided in the articles of incorporation or the bylaws?
Either by proxy or in person
What is the default number of votes per member?
One vote per member
Can membership in a nonstock corporation be transferred?
Only if the articles of incorporation or bylaws allow it
How is membership terminated?
In the manner provided in the articles of incorporation or the bylaws
What happens to a member's rights when their membership is terminated?
They extinguish all their rights
Study Notes
Membership Rights
- Members of a corporation have the right to vote, but this right can be limited, broadened, or denied as specified in the articles of incorporation or bylaws.
- Unless otherwise specified, each member has one vote, regardless of class.
Voting Methods
- Members may vote by proxy, as per the provisions of the Corporate Code.
- The bylaws may also authorize voting through remote communication and/or in absentia.
Nontransferability of Membership
- Membership in a nonstock corporation is personal and non-transferable, unless otherwise specified in the articles of incorporation or bylaws.
- All rights arising from membership are also non-transferable, unless otherwise provided.
Termination of Membership
- Membership can be terminated in the manner and for the causes specified in the articles of incorporation or bylaws.
- Upon termination, all rights of a member in the corporation or its property are extinguished, unless otherwise provided in the articles of incorporation or bylaws.
This quiz covers the limitations and provisions of member voting rights in a corporation, as specified in the articles of incorporation or bylaws.
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