GroundRules
FAC § 54239
Where this section sits in the code
- Food and Agricultural Code - FAC
- DIVISION 20. PROCESSORS, STORERS, DEALERS, AND DISTRIBUTORS OF AGRICULTURAL PRODUCTS [54001. - 57700.]
- CHAPTER 1. Nonprofit Cooperative Associations [54001. - 54294.]
- ARTICLE 9. Members [54231. - 54239.]
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.
Collected 2026-09-14T05:56:33Z. Source file · JSON