California Statutes
§ 54239. — 54239. (Enacted by Stats. 1967, Ch. 15.)
California·Code FAC Food and Agricultural Code - FAC·Div. 20. DIVISION 20. PROCESSORS, STORERS, DEALERS, AND DISTRIBUTORS OF AGRICULTURAL PRODUCTS·Ch. 1. CHAPTER 1. Nonprofit Cooperative Associations·Art. 9. ARTICLE 9. Members
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.
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California § 54239. (54239. (Enacted by Stats. 1967, Ch. 15.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Carlin v. DairyAmerica, Inc.
978 F. Supp. 2d 1103 (E.D. California, 2013)
Legislative History
Enacted by Stats. 1967, Ch. 15.