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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>68555</law_id><section_number>13.1-321</section_number><catch_line>Members</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><structure><unit label="title" level="1" order_by="1" identifier="13.1">Corporations</unit><unit label="chapter" level="2" order_by="1" identifier="3">Cooperative Associations</unit><unit label="article" level="3" order_by="1" identifier="2">Agricultural Cooperative Associations</unit></structure><text>
						<section id="a"><p><span class="prefix-number">a.</span> An association may admit as members only bona fide producers of agricultural products, including tenants and landlords receiving a share of the crop, and cooperative associations of such producers. <a id="paragraph-248154" class="section-permalink" href="https://vacode.org/13.1-321/#a"><i class="fa fa-link"/></a></p></section>
						<section id="b"><p><span class="prefix-number">b.</span> The articles of incorporation may limit the amount of voting stock which a member may own. <a id="paragraph-248155" class="section-permalink" href="https://vacode.org/13.1-321/#b"><i class="fa fa-link"/></a></p></section>
						<section id="c"><p><span class="prefix-number">c.</span> Under the terms and conditions prescribed in the bylaws a member shall lose his membership and his right to vote if he ceases to belong to the class eligible to membership under this section, but he shall remain subject to any liability incurred by him while a member of the association. <a id="paragraph-248156" class="section-permalink" href="https://vacode.org/13.1-321/#c"><i class="fa fa-link"/></a></p></section>
						<section id="d"><p><span class="prefix-number">d.</span> No member shall be personally liable for any debt or liability of the association. <a id="paragraph-248157" class="section-permalink" href="https://vacode.org/13.1-321/#d"><i class="fa fa-link"/></a></p></section>
						<section id="e"><p><span class="prefix-number">e.</span> No member shall have more than one vote. <a id="paragraph-248158" class="section-permalink" href="https://vacode.org/13.1-321/#e"><i class="fa fa-link"/></a></p></section></text><history>Code 1950, &#xA7; 13-263; 1956, c. 428.</history><metadata></metadata></law>
