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

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

(c)  Associations shall make available to allmembers a statement listing all rights and privileges of membership. [L 1982, c97, pt of §2]