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59 chapters · 1,235 sections in this title.
11 GCA § 116101 Associations May Issue Shares
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An association pursuant to its articles of incorporation or by-laws and this act, may issue shares (which shall constitute the holders thereof members of such association). The holders of such shares shall have no liability for debts or assessments. SOURCE: GC §41150.
11 GCA § 116102 Description of Withdrawable Shares
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Withdrawable shares shall be of the par value of one hundred dollars ($100) or two hundred dollars ($200) each, as provided in the articles of incorporation or by-laws, and shall be paid for by the subscribers or shareholders as provided in the by-laws. Such payments may be, and …
11 GCA § 116103 Maturity of Shares
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COL120106 11 GCAFINANCE & TAXATION When any share shall have reached its matured value, payment of dues thereon shall cease. Borrowing shareholders whose loans are fully paid shall have their securities released and returned to them. Holders of free shares shall upon the presenta…
11 GCA § 116104 Retirement of Free Shares
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The directors may in their discretion, under the regulations prescribed by the by-laws, retire any free shares by enforcing the withdrawal thereof, but whenever the withdrawal of any shares is to be enforced, the holders thereof must be given 30 day’s notice thereof and be paid t…