California Statutes
§ 54239. — 54239. (Enacted by Stats. 1967, Ch. 15.)
California § 54239.
JurisdictionCalifornia
Code FACFood 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
This text of California § 54239. (54239. (Enacted by Stats. 1967, Ch. 15.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Cal. Food and Agricultural Code - FAC Code § 54239. (2026).
Text
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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Related
Carlin v. DairyAmerica, Inc.
978 F. Supp. 2d 1103 (E.D. California, 2013)
Legislative History
Enacted by Stats. 1967, Ch. 15.
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Bluebook (online)
California § 54239., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FAC/54239..