[§421C-21]  Issuance of stock and membership
certificates.  (a)  No certificate for membership or any class of stock
shall be issued until paid for in full.



(b)  The amount required to be paid in on share
or membership capital by members shall not exceed twenty-five per cent of the
average monthly wage in this State, as defined by the department of labor and
industrial relations.



(c)  Associations shall make available to all
members a statement listing all rights and privileges of membership. [L 1982, c
97, pt of §2]