§ 3176 Member Stock Ownership Limits

• •A group can set rules on how much stock one person can own.
• •These rules are written in the group's official rulebook (bylaws).
• •The rules help make sure no single person owns too much of the group.

A small club has 100 shares of stock. They make a rule that no one can own more than 10 shares.

This means even if someone wants to buy 20 shares, the club can say no because of their rule. This keeps things fair.