California § 26225. 26225. (Added by Stats. 2017, Ch. 27, Sec. 107.)

California Statutes

§ 26225. — 26225. (Added by Stats. 2017, Ch. 27, Sec. 107.)

California·Code BPC Business and Professions Code - BPC·Div. 10. DIVISION 10. Cannabis·Ch. 22. CHAPTER 22. Cannabis Cooperative Associations·Art. 5. ARTICLE 5. Bylaws

Each association shall, within 30 days after its incorporation, adopt for its government and management, a code of bylaws, consistent with this chapter. The vote or written assent of shareholders or members that hold at least a majority of the voting power is necessary to adopt the bylaws and is effectual to repeal or amend a bylaw, or to adopt an additional bylaw. The power to repeal and amend the bylaws, and adopt new bylaws, may, by a similar vote, or similar written assent, be delegated to the board of directors, which authority may, by a similar vote, or similar written assent, be revoked.

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Each association shall, within 30 days after its incorporation, adopt for its government and management, a code of bylaws, consistent with this chapter. The vote or written assent of shareholders or members that hold at least a majority of the voting power is necessary to adopt the bylaws and is effectual to repeal or amend a bylaw, or to adopt an additional bylaw. The power to repeal and amend the bylaws, and adopt new bylaws, may, by a similar vote, or similar written assent, be delegated to the board of directors, which authority may, by a similar vote, or similar written assent, be revoked.

California § 26225. (26225. (Added by Stats. 2017, Ch. 27, Sec. 107.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.