Any person may become a member of a corporate or cooperative grazing association if the person: 1. Is an owner or lessee of land within the proposed boundaries or resides on the border of the grazing area within or without the county; 2. Is engaged in the raising of livestock within the grazing area; 3. Pays the membership fee; 4. Subscribes to the bylaws; and 5. Complies with the rules, regulations, and limitations determined by the board of directors of the association. Any entrance, organization, or membership fee established by a grazing association may not exceed the sum of five dollars, and the amount which a member may be required to pay annually to assist in carrying on the business of the association may not exceed the sum of five dollars. When any member disposes of land owned or leased by that member and upon which that member's membership in the association and the grazing rights in the district are based, that member ceases to be a member of such association. If any member disposes of all or part of the land owned or leased by that member so that another individual or other individuals, by the purchase and ownership or transfer of the lease to such land, acquires a right to membership and to grazing rights, the rights and interests involved and the grazing rights of all the parties must be determined by the board of directors. No member is liable for the debts of the association in an amount exceeding the sum remaining unpaid on that member's membership fee, except for debts lawfully contracted between that member and the association.
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