Certificate of membership
Acts 1937, No. 342, § 16; Pope's Dig., § 2330; A.S.A. 1947, § 77-1116.
(1) When a member of a corporation has paid the membership fee in full, a certificate of membership shall be issued to the member.
(2) Memberships in the corporation and the certificates shall be nontransferable.
(3) The certificate of membership shall be surrendered to the corporation upon the resignation, expulsion, or death of the member.
Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.