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RSA 301-A:14 · Issuance of Membership Certificates

Title: XXVII: CORPORATIONS, ASSOCIATIONS, AND PROPRIETORS OF COMMON LANDS
Chapter: 301-A · CONSUMERS' COOPERATIVE ASSOCIATIONS
Status: current
Official source linked: Yes

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301-A:14 Issuance of Membership Certificates. –

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No certificate for share or membership capital shall be issued until its par value is paid for in full. Each certificate issued by an association shall have printed upon it a full or condensed statement of the requirements of RSA 301-A:16 and 26.

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II.

Any natural person eligible for membership and legally obligated to purchase a share or shares or membership in an association shall be deemed a subscriber. The certificate or bylaws may determine what voting rights or other membership rights shall be granted to subscribers. Source. 1983, 462:1, eff. July 1, 1983.

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Source note

Source. 1983, 462:1, eff. July 1, 1983.

Source history

1983, 462:1, eff. July 1, 1983