§421-10  Members.  (a)  An associationmay admit as members only bona fide producers of agricultural products,including tenants and landlords receiving a share of the crop, and cooperativeassociations of the producers.  The incorporators named in the articles arethereby made members of the association, and they shall pay for theirmembership or stock the same amount and in the same manner as may be requiredin the case of other members.

(b)  The articles may limit the amount ofcommon stock which a member may own.

(c)  Under the terms and conditions prescribedin the bylaws, a member shall lose the member's membership if the member ceasesto belong to the class eligible to membership under this section, but themember shall remain subject to any liability incurred by the member while amember of the association.

(d)  No member shall be personally liable forany debt or liability of the association.

(e)  Unless the articles otherwise provide, nomember shall have more than one vote. [L 1949, c 234, pt of §1; RL 1955,§176-11; HRS §421-10; gen ch 1985]