California § 13310 - No association shall issue a certificate for stock to a member until it has been
Full text of California Public Contract Code - PCC § 13310 — No association shall issue a certificate for stock to a member until it has been, with citation guidance and answers to common questions.
§ 13310. No association shall issue a certificate for stock to a member until it has been
No association shall issue a certificate for stock to a member until it has been fully paid for. The promissory notes of the members may be accepted by the association as full or partial payment. The association shall hold the stock as security for the payment of the note; but such retention as security shall not affect the memberâs right to vote. An association, in its by-laws, may limit the amount of common stock which one member may own.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 13310
What does Public Contract Code - PCC § 13310 cover?
Section 13310 ("No association shall issue a certificate for stock to a member until it has been") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 13310?
A common citation format is "Public Contract Code - PCC § 13310" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 13310 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.