California · Corporations Code

CORP §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 assoc

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What this law says, in plain English

When a member is expelled and bylaws lack expulsion procedures or penalties, the board must fairly evaluate and determine the member's property interest in the association.

Read the full statutory text

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.

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