California Corporations Code 13243 – The by-laws may provide:(a) The amount of entrance, organization …
The by-laws may provide:
(a) The amount of entrance, organization and membership fees, if any; the manner and method of collection of the same; and the purposes for which they may be used.
Terms Used In California Corporations Code 13243
- Association: means any corporation organized under this part. See California Corporations Code 13202
- Contract: A legal written agreement that becomes binding when signed.
- Member: includes members of associations without capital stock and holders of common stock in associations organized with shares of stock. See California Corporations Code 13202
(b) The amount which each member shall be required to pay annually, or from time to time, if at all, to carry on the business of the association; the charge, if any, to be paid by each member for services rendered by the association to him and the time of payment and the manner of collection; and the marketing contract between the association and its members which every member may be required to sign.
(c) The amount of any dividends which may be declared on the stock or membership capital, which dividends shall not exceed 8 percent per annum and which dividends shall be in the nature of interest and shall not affect the nonprofit character of any association organized hereunder.
(Added by Stats. 1953, Ch. 207.)