§ 54121. — 54121. (Enacted by Stats. 1967, Ch. 15.)

California § 54121.

• Jurisdiction: California
• Code FAC: Food and Agricultural Code - FAC
• Div. 20.: DIVISION 20. PROCESSORS, STORERS, DEALERS, AND DISTRIBUTORS OF AGRICULTURAL PRODUCTS
• Ch. 1.: CHAPTER 1. Nonprofit Cooperative Associations
• Art. 5.: ARTICLE 5. Bylaws

Text

The bylaws may prescribe the number and qualification of members or stockholders of the association and the conditions precedent to membership or ownership of common stock; the method, time, and manner of permitting members to withdraw or the holders of common stock to transfer their stock; the manner of assignment and transfer of the interest of members, and of the shares of common stock; the conditions upon which, and time when, membership of any member shall cease; the automatic supsension of the rights of a member when he ceases to be eligible to membership in the association; and the mode, manner, and effect of the expulsion of a member.

Legislative History

Enacted by Stats. 1967, Ch. 15.