Arizona Revised Statutes § 10-2009 Membership Certificates; Voting; Liability

10-2009. Membership certificates; voting; liability

If a member of an association established without capital stock has paid his membership fee, he may receive a certificate of membership. Members are not liable for debts of the association above the sum remaining unpaid on their membership fees. No member is entitled to more than one vote unless the bylaws provide otherwise. In no event is a member allowed to have more than five votes which are based on actual patronage, and a member is not allowed more than one vote because of the amount of membership capital he may own.

Section: Previous  10-2002  10-2003  10-2004  10-2005  10-2006  10-2007  10-2008  10-2009  10-2010  10-2011  10-2012  10-2013  10-2014  10-2015  10-2016  Next

Last modified: October 13, 2016