Arkansas Statutes

§ 23-18-319 — Certificate of membership

Arkansas·Title 23
(a)When a member of a corporation has paid the membership fee in full, a certificate of membership shall be issued to the member.
(b)Memberships in the corporation and the certificates shall be nontransferable.
(c)The certificate of membership shall be surrendered to the corporation upon the resignation, expulsion, or death of the member.

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Legislative History

Acts 1937, No. 342, § 16; Pope's Dig., § 2330; A.S.A. 1947, § 77-1116.

Nearby Sections

15
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