California Statutes
§ 54235. — 54235. (Enacted by Stats. 1967, Ch. 15.)
California § 54235.
JurisdictionCalifornia
Code FACFood and Agricultural Code - FAC
Div. 20.DIVISION 20. PROCESSORS, STORERS, DEALERS, AND DISTRIBUTORS OF AGRICULTURAL PRODUCTS
Ch. 1.CHAPTER 1. Nonprofit Cooperative Associations
Art. 9.ARTICLE 9. Members
This text of California § 54235. (54235. (Enacted by Stats. 1967, Ch. 15.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Cal. Food and Agricultural Code - FAC Code § 54235. (2026).
Text
An association shall not issue a certificate for stock to a member until it has been fully paid for. The promissory notes of the members may be accepted by the association as full or partial payment. The association shall hold the stock as security for the payment of the note, but such retention as security does not affect the member’s right to vote.
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Legislative History
Enacted by Stats. 1967, Ch. 15.
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Bluebook (online)
California § 54235., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FAC/54235..