Statutes > New Mexico Statutes > Chapter 53 - Corporations. > Article 4 - Cooperative Associations, 53-4-1 through 53-4-45. > Section 53-4-25 - Share and membership certificates; issuance and contents.

Section 53-4-25 - Share and membership certificates; issuance and contents.

53-4-25. Share and membership certificates; issuance and contents.

No certificate for shares or for membership shall be issued until paid for in full. There shall be printed upon each certificate issued by an association a statement embodying the requirements of Sections 13, 14 and 26 [53-4-13, 53-4-14 and 53-4-26 NMSA 1978] herein and of any provisions in its articles which limit the right of the certificate holder to assign or transfer such certificate.