Question: Which statement about corporate or developer clubs is false? Question 1 3 options: Corporate or developer clubs operate for profit and are owned by individuals

Which statement about corporate or developer clubs is false?
Question 13 options:
Corporate or developer clubs operate for profit and are owned by individuals or corporations.
Persons who wish to become members purchase a membership, not a share in the club.
Members elect a board of directors to oversee the budget and set policies.
Members may or may not be involved in running the club.

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