Cal. Pub. Util. Code § 3177

Current through the 2023 Legislative Session.

Section 3177 - Transfer of stock or membership certificates to persons not qualified to be shareholder or member

The bylaws shall prohibit the transfer of the common stock or membership certificates of the associations to any person that is not qualified to be a shareholder or member, as specified in this chapter. These restrictions shall be printed upon every certificate of stock or membership which is subject to them.

Ca. Pub. Util. Code § 3177

Added by Stats. 1987, Ch. 680, Sec. 1.