§ 3177
51 words·~1 min read·
/ca/public-utilities-code/3177A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The bylaws shall prohibit the transfer of the common stock or membership certificates of the associations to any person that is not qualified to be a shareholder or member, as specified in this chapter. These restrictions shall be printed upon every certificate of stock or membership which is subject to them.