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Definitions
Corporation Member
The articles of incorporation or bylaws may establish criteria or procedures for admission of members. A corporation is
not required to have members. A member is defined as any person or persons who on more than one occasion, pursuant to a provision of a corporation's articles or bylaws, have
the right to vote for the election of a director or directors.
Religious Corporation
any corporation organized primarily or exclusively for religious purposes.
Public Benefit Corporation
any corporation recognized as exempt under section 501(c)(3) of the Internal Revenue Code or any corporation organized for
a public or charitable purpose, and upon dissolution must distribute its assets to public benefit corporation, the United States, a state, or a person recognized as exempt
under 501(c)(3) of the Internal Revenue Code.
Mutual Benefit Corporation
any corporation that does not come within the previous definitions.