Certificates of stock of a stock cooperative association shall not be issued to any subscriber until fully paid, but the bylaws of the association may allow subscribers to vote as stockholders provided part of the stock subscribed for has been paid in cash.
Va. Code Ann. § 13.1-305
Rights of subscribers before full payment
Code 1950, § 13-242; 1956, c. 428; 1994, c. 217.
Official source: Virginia Law Portal (LIS). Reproduced from public-domain Virginia statutes; confirm against the official source for the current text. Not legal advice.