CHAPTER 5. Stock

Chapter 5 added by Stats. 1953, Ch. 207.

§§ 13310–13316 · 7 sections

• § 13310 No association shall issue a certificate for stock to a member until it has been fully paid for. The promissory notes of the members may be accepted by the…
• § 13311 One class of stock shall always be known as common stock and voting power may be restricted to holders of common stock.
• § 13312 There shall be printed upon each common stock certificate a statement that the transfer thereof to any person not engaged in the production of the products…
• § 13313 Except as to the matters and things stated in the articles of incorporation no distinction shall exist between classes of stock or the holders thereof.
• § 13314 If an association issues nonpar value stock the issuance of such stock shall be governed by the terms of the General Corporation Law covering the issuance of…
• § 13315 An association may, at any time, as specified in the by-laws, except when the debts of the association exceed 50 percent of its assets, buy in or purchase its…
• § 13316 Whenever an association, organized with preferred shares of stock, purchases the stock or any property, or any interest in any property of any person, it may…