Corporations Code section 13304

In case of the expulsion of a member, and where the by-laws do not provide any procedure or penalty, the board of directors shall equitably and conclusively appraise his property interest in the association and shall fix the amount thereof in money, which shall be paid to him within one year after such expulsion.

Source: Section 13304, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CORP§ionNum=13304. (updated Jan. 1, 1953; accessed Dec. 29, 2025).

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Verified:
Dec. 29, 2025

§ 13304's source at ca.gov

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Location: https://california.public.law/codes/corporations_code_section_13304

Original Source: Section 13304, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CORP§ionNum=13304. (last accessed May 12, 2025).