# La. R.S. § 3:82: Tit. 3, § 82. Stock or membership certificates; liability for debts; voting rights; transfer of stock or membership

> Louisiana · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_LA_Crevised-statutes_T3_S82

## Section

- **Citation:** La. R.S. § 3:82
- **Heading:** Tit. 3, § 82. Stock or membership certificates; liability for debts; voting rights; transfer of stock or membership
- **Jurisdiction:** Louisiana
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** LA Code / Code revised-statutes / Title 3 / Section 82

## Text

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.

## Nearby sections

- [La. R.S. § 3:71 Tit. 3, § 71. Purpose](https://www.frixlaw.com/law-library/statutes/STATE_LA_Crevised-statutes_T3_S71.md)
- [La. R.S. § 3:76 Tit. 3, § 76. Articles of association; contents; execution and filing](https://www.frixlaw.com/law-library/statutes/STATE_LA_Crevised-statutes_T3_S76.md)
- [La. R.S. § 3:86 Tit. 3, § 86. Applicability of general corporation laws](https://www.frixlaw.com/law-library/statutes/STATE_LA_Crevised-statutes_T3_S86.md)
- [La. R.S. § 3:87 Tit. 3, § 87. Limitation of application](https://www.frixlaw.com/law-library/statutes/STATE_LA_Crevised-statutes_T3_S87.md)
- [La. R.S. § 3:88 Tit. 3, § 88. Eligibility to federal funds](https://www.frixlaw.com/law-library/statutes/STATE_LA_Crevised-statutes_T3_S88.md)
- [La. R.S. § 3:133 Tit. 3, § 133. Stock; membership certificates; when issued; voting; liability; limitations on transfer and ownership](https://www.frixlaw.com/law-library/statutes/STATE_LA_Crevised-statutes_T3_S133.md)
- [La. R.S. § 3:139 Tit. 3, § 139. Conflicting laws not to apply](https://www.frixlaw.com/law-library/statutes/STATE_LA_Crevised-statutes_T3_S139.md)
- [La. R.S. § 3:143 Tit. 3, § 143. Associations heretofore organized may adopt these provisions](https://www.frixlaw.com/law-library/statutes/STATE_LA_Crevised-statutes_T3_S143.md)
- [La. R.S. § 3:144 Tit. 3, § 144. How associations organized in another state may carry on business in this state](https://www.frixlaw.com/law-library/statutes/STATE_LA_Crevised-statutes_T3_S144.md)
- [La. R.S. § 3:146 Tit. 3, § 146. Associations not in restraint of trade](https://www.frixlaw.com/law-library/statutes/STATE_LA_Crevised-statutes_T3_S146.md)
- [La. R.S. § 3:147 Tit. 3, § 147. Annual license fees](https://www.frixlaw.com/law-library/statutes/STATE_LA_Crevised-statutes_T3_S147.md)
- [La. R.S. § 3:149 Tit. 3, § 149. Application of general corporation laws](https://www.frixlaw.com/law-library/statutes/STATE_LA_Crevised-statutes_T3_S149.md)
- [La. R.S. § 3:202 Tit. 3, § 202. Articles of incorporation](https://www.frixlaw.com/law-library/statutes/STATE_LA_Crevised-statutes_T3_S202.md)
- [La. R.S. § 3:204 Tit. 3, § 204. Capital stock](https://www.frixlaw.com/law-library/statutes/STATE_LA_Crevised-statutes_T3_S204.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_LA_Crevised-statutes_T3_S82. Check the current official text before relying on it. Not legal advice.