California Corporations Code

§ 13304

Name: California Superior Court Tentative Rulings
Creator: DecisionDepot
License: https://creativecommons.org/licenses/by-nc/4.0/

CORP § 13304Div. 3 · Title 1 · Part 3 · Ch. 4

Statute text

View on leginfo.ca.gov

In case of the expulsion of a member, and where the by-laws do not provide any procedure or penalty, the board of directors shall equitably and conclusively appraise his property interest in the association and shall fix the amount thereof in money, which shall be paid to him within one year after such expulsion.

Legislative history

Added by Stats. 1953, Ch. 207.