California Food and Agricultural Code ARTICLE 9 - Members

• Section 54231.
  Under the terms and conditions which are prescribed in the bylaws adopted by it, an association may admit as members or issue common stock to...
• Section 54232.
  If a member of a nonstock association is other than a natural person, such member may be represented by any individual, associate, officer, or manager...
• Section 54233.
  Any association may become a member or stockholder of any other association.(Enacted by Stats. 1967, Ch. 15.)
• Section 54234.
  If a member of an association which is established without shares of stock has paid his membership fee in full, he shall receive a certificate...
• Section 54235.
  An association shall not issue a certificate for stock to a member until it has been fully paid for. The promissory notes of the members...
• Section 54236.
  An association, in its bylaws, may limit the amount of common stock which any member may own.(Enacted by Stats. 1967, Ch. 15.)
• Section 54237.
  The bylaws shall prohibit the transfer of the common stock or membership certificates of the associations to any person that is not qualified to be...
• Section 54238.
  The association may, at any time, as specified in the bylaws, except when the debts of the association exceed 50 percent of its assets, buy...
• Section 54239.
  A member or stockholder is not liable for the debts of the association to an amount which exceeds the sum which remains unpaid on his...

Last modified: October 22, 2018