ARTICLE 8. Financial Provisions

Article 8 added by Stats. 1987, Ch. 680, Sec. 1.

§§ 3151–3154 · 4 sections

• § 3151 (a) Any share or membership issued by an association is exempt from Part 2 (commencing with Section 25100) of Division 1 of Title 4 of the Corporations Code if…
• § 3152 If an association issues nonpar value stock, the issuance of that stock shall be governed by the terms of all general laws which cover the issuance of nonpar…
• § 3153 If an association with preferred shares of stock purchases the stock or any property, or any interest in any property, of any person, it may discharge the…
• § 3154 The board of directors of an association shall cause to be sent to the members of the association, not later than 120 days after the close of the fiscal or…