{"data":{"id":"us-ca/puc-3175","jurisdiction":"us-ca","citation":"PUC § 3175","heading":"","body":"An association shall not issue a certificate for stock to a member until it has been fully paid for. The promissory notes of the members may be accepted by the association as full or partial payment. The association shall hold the stock as security for the payment of the note, but that retention as security does not affect the member’s right to vote.","path":["Public Utilities Code - PUC","DIVISION 1. REGULATION OF PUBLIC UTILITIES [201. - 3299.100.]","PART 4. PRODUCTION AND TRANSMISSION OF PUBLIC UTILITY COMMODITIES AND SERVICES [3001. - 3255.]","CHAPTER 1. Gas Producers’ Cooperative Associations [3001. - 3224.]","ARTICLE 9. Members [3171. - 3181.]"],"source_url":"https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zip","current_through":"2026-09-13","vintage":"","retrieved_at":"2026-09-14T05:56:33Z","sha256":"e125532d6ad4d038526fe19894c0217e1252e51a16f0b0418923bc159727f0ef","source_id":"us-ca","stale":false,"prev":"us-ca/puc-3174","next":"us-ca/puc-3176"},"notice":"GroundRules: Original legal text. Not legal advice."}