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DIVISION 20. PROCESSORS, STORERS, DEALERS, AND DISTRIBUTORS OF AGRICULTURAL PRODUCTS 54001-57700›CHAPTER 1. Nonprofit Cooperative Associations 54001-54294›ARTICLE 9. Members 54231-54239

§ 54239

California Food and Agricultural Code · 2020-11 edition · updated 2026-10-04 · California

A member or stockholder is not liable for the debts of the association to an amount which exceeds the sum which remains unpaid on his membership fee or his subscription to the capital stock, including any unpaid balance on any promissory note which is given in payment of the membership fee or the subscription to the capital stock.

(Enacted by Stats. 1967, Ch. 15.)

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▸Contents — California Food and Agricultural Code
California Food and Agricultural Code

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