15-3-111. ADMISSION OF MEMBERS.

  1. A corporation is not required to have members.
  2. A corporation may admit any person as a member. The articles or bylaws shall establish criteria or procedures for admission; provided, however, that no person shall be admitted as a member without his or her consent.
  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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