GroundRules
CORP § 13315
Where this section sits in the code
- Corporations Code - CORP
- TITLE 1. CORPORATIONS [100. - 14707.]
- DIVISION 3. CORPORATIONS FOR SPECIFIC PURPOSES [12000. - 14707.]
- PART 3. FISH MARKETING [13200. - 13356.]
- CHAPTER 5. Stock [13310. - 13316.]
An association may, at any time, as specified in the by-laws, except when the debts of the association exceed 50 percent of its assets, buy in or purchase its common stock at the book value thereof, as conclusively determined by the board of directors and pay for it in cash within one year thereafter.
Collected 2026-09-14T05:56:33Z. Source file · JSON