California Statutes
§ 26225.8. — 26225.8. (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
The bylaws may prescribe the amount of dividends, if any, that may be declared on the stock or membership capital. To the extent that dividends are payable out of the excess of association income over association expenses attributable to business transacted with or for members, dividends shall not exceed 8 percent per annum.
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California § 26225.8. (26225.8. (Added by Stats. 2017, Ch. 27, Sec. 107.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 2017, Ch. 27, Sec. 107. (SB 94) Effective June 27, 2017.