SECTIONS 13300-13304 - California Statutes

State Codes and Statutes

Statutes > California > Corp > 13300-13304

CORPORATIONS CODE
SECTION 13300-13304




13300.  (a) Under the terms and conditions prescribed in the
by-laws, an association may admit as members, or issue common stock
to, only such persons as are engaged in the production of fishery
products to be handled by or through the association, including the
lessees and tenants of boats and equipment used for the production of
such fishery products and any lessors and landlords who receive as
rent all or part of the fish produced by such leased equipment.
   (b) If a member of a nonstock association is other than a natural
person, such member may be represented by any individual duly
authorized in writing.
   (c) One association may become a member or stockholder of any
other association.


13301.  When a member of an association established without shares
of stock has paid his membership fee in full, he shall receive a
certificate of membership.


13302.  No member shall be liable for the debts of the association
to an amount exceeding the sum remaining unpaid on his membership fee
or his subscription to the capital stock, including any unpaid
balance on any promissory note given in payment thereof.




13303.  Meetings of members shall be held at the place as provided
in the by-laws; and if no provision is made, in the city where the
principal place of business is located at a place designated by the
board of directors.


13304.  In case of the expulsion of a member, and where the by-laws
do not provide any procedure or penalty, the board of directors shall
equitably and conclusively appraise his property interest in the
association and shall fix the amount thereof in money, which shall be
paid to him within one year after such expulsion.

State Codes and Statutes

Statutes > California > Corp > 13300-13304

CORPORATIONS CODE
SECTION 13300-13304




13300.  (a) Under the terms and conditions prescribed in the
by-laws, an association may admit as members, or issue common stock
to, only such persons as are engaged in the production of fishery
products to be handled by or through the association, including the
lessees and tenants of boats and equipment used for the production of
such fishery products and any lessors and landlords who receive as
rent all or part of the fish produced by such leased equipment.
   (b) If a member of a nonstock association is other than a natural
person, such member may be represented by any individual duly
authorized in writing.
   (c) One association may become a member or stockholder of any
other association.


13301.  When a member of an association established without shares
of stock has paid his membership fee in full, he shall receive a
certificate of membership.


13302.  No member shall be liable for the debts of the association
to an amount exceeding the sum remaining unpaid on his membership fee
or his subscription to the capital stock, including any unpaid
balance on any promissory note given in payment thereof.




13303.  Meetings of members shall be held at the place as provided
in the by-laws; and if no provision is made, in the city where the
principal place of business is located at a place designated by the
board of directors.


13304.  In case of the expulsion of a member, and where the by-laws
do not provide any procedure or penalty, the board of directors shall
equitably and conclusively appraise his property interest in the
association and shall fix the amount thereof in money, which shall be
paid to him within one year after such expulsion.

State Codes and Statutes

Back To Homepage

State Codes and Statutes

Statutes > California > Corp > 13300-13304

CORPORATIONS CODE
SECTION 13300-13304




13300.  (a) Under the terms and conditions prescribed in the
by-laws, an association may admit as members, or issue common stock
to, only such persons as are engaged in the production of fishery
products to be handled by or through the association, including the
lessees and tenants of boats and equipment used for the production of
such fishery products and any lessors and landlords who receive as
rent all or part of the fish produced by such leased equipment.
   (b) If a member of a nonstock association is other than a natural
person, such member may be represented by any individual duly
authorized in writing.
   (c) One association may become a member or stockholder of any
other association.


13301.  When a member of an association established without shares
of stock has paid his membership fee in full, he shall receive a
certificate of membership.


13302.  No member shall be liable for the debts of the association
to an amount exceeding the sum remaining unpaid on his membership fee
or his subscription to the capital stock, including any unpaid
balance on any promissory note given in payment thereof.




13303.  Meetings of members shall be held at the place as provided
in the by-laws; and if no provision is made, in the city where the
principal place of business is located at a place designated by the
board of directors.


13304.  In case of the expulsion of a member, and where the by-laws
do not provide any procedure or penalty, the board of directors shall
equitably and conclusively appraise his property interest in the
association and shall fix the amount thereof in money, which shall be
paid to him within one year after such expulsion.