California Statutes
§ 12445. — 12445. (Added by Stats. 1982, Ch. 1625, Sec. 3.)
California·Code CORP Corporations Code - CORP·Div. 3.·Title 1. DIVISION 3. CORPORATIONS FOR SPECIFIC PURPOSES·Part 2. PART 2. COOPERATIVE CORPORATIONS·Ch. 3. CHAPTER 3. Members·Art. 5. ARTICLE 5. Rights and Obligations of Members and Creditors
The articles or bylaws shall prescribe:
(a)The manner of determining each member’s share of the capital of the corporation contributed by the members and, if repayable, the time and manner for its repayment; and
(b)The manner of determining the value, if any, of the member’s interest in the corporation apart from contributed capital and the time and manner of the corporation’s purchase, if required, of such interest from a terminated member.
Free access — add to your briefcase to read the full text and ask questions with AI
California § 12445. (12445. (Added by Stats. 1982, Ch. 1625, Sec. 3.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1982, Ch. 1625, Sec. 3. Operative January 1, 1984.