§421C-21 Issuance of stock and membership certificates. (a) No certificate for membership or any class of stock shall be issued until paid for in full.
(b) The amount required to be paid in on share or membership capital by members shall not exceed twenty-five per cent of the average monthly wage in this State, as defined by the department of labor and industrial relations.
(c) Associations shall make available to all members a statement listing all rights and privileges of membership. [L 1982, c 97, pt of §2]
Structure Hawaii Revised Statutes
Title 23. Corporations and Partnerships
421C. Consumer Cooperative Associations
421C-3 Stock and nonstock associations; general corporation laws, when applicable.
421C-19 Limitations on interest-dividends.
421C-20 Admission to membership.
421C-21 Issuance of stock and membership certificates.
421C-22 Transfer of shares and membership; withdrawal.
421C-23 Recall of member's holdings.
421C-25 Allocation and distribution of net savings.
421C-26 Cooperative agreements.
421C-30 Voluntary dissolution, etc.
421C-32 Associations and agreements are not in restraint of trade.
421C-34 Use of name "cooperative"; penalty.
421C-35 Construction of chapter.
421C-36 Exemption of voting stock from registration.
421C-37 Existing cooperatives.