§1691. Issuance and contents
53 words·~1 min read·
/me/title-13-corporations/chapter-85-cooperatives/1691·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
No certificate for share or membership capital shall be issued until the par value thereof has been paid for in full. There shall be printed upon each certificate issued by an association a full or condensed statement of the requirements of sections pertaining to one-member-one-vote, no proxy and transfer of shares and membership.