Louisiana § RS 3:82 - Stock or membership certificates; liability for debts; voting rights; transfer of stock or membership
Full text of Louisiana Louisiana Civil Code § RS 3:82 — Stock or membership certificates; liability for debts; voting rights; transfer of stock or membership, with citation guidance and answers to common questions.
§ RS 3:82. Stock or membership certificates; liability for debts; voting rights; transfer of stock or membership
When a member of an association established without capital stock, has paid his membership fee in full, he shall receive a certificate of membership.
Except for debts lawfully contracted between him and the association, no member shall be liable for the debts of the association to an amount exceeding the sum remaining unpaid on his membership fee or his subscription to the capital stock, including any unpaid balance on any promissory note or notes given in payment thereof.
No member or stockholder shall be entitled to more than one vote.
The by-laws shall prohibit the transfer of the membership or stock of the association to persons not engaged in the production of the agricultural products handled by the association, and such restrictions shall be printed upon every certificate of membership or stock subject thereto.
Source: official Louisiana text · Last verified 2026-08-27
Frequently Asked Questions About Louisiana § RS 3:82
What does Louisiana Civil Code § RS 3:82 cover?
Section RS 3:82 ("Stock or membership certificates; liability for debts; voting rights; transfer of stock or membership") is part of the Louisiana Civil Code, the codified statutory law of Louisiana. 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 Louisiana § RS 3:82?
A common citation format is "Louisiana Civil Code § RS 3:82" (Louisiana). 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 Louisiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Louisiana official source linked on this page or consult a licensed Louisiana attorney.
How does Louisiana § RS 3:82 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Louisiana 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 Louisiana.