ARTICLE 9. Members

Article 9 added by Stats. 1987, Ch. 680, Sec. 1.

§§ 3171–3181 · 11 sections

• § 3171 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 only those…
• § 3172 If a member of a nonstock association is other than a natural person, that member may be represented by any individual, associate, officer, manager, or member…
• § 3173 Any association may become a member or stockholder of any other association.
• § 3174 If a member of an association which is established without shares of stock has paid the prescribed membership fee in full, the member shall receive a…
• § 3175 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 may be accepted by the…
• § 3176 An association, in its bylaws, may limit the amount of common stock which any member may own.
• § 3177 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 a…
• § 3178 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 in or purchase its…
• § 3179 A member is not liable for the debts of the association in an amount which exceeds the sum which remains unpaid on the member’s or stockholder’s membership fee…
• § 3180 No public utility, corporation holding a controlling interest in a public utility, or subsidiary or affiliate of a public utility may be a member of an…
• § 3181 No producer of gas owning or controlling petroleum refining capacity of 100,000 or more barrels per day in California, or a producer of gas owned or controlled…