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.
|