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2025 California Code
Food and Agricultural Code - FAC
DIVISION 20 - PROCESSORS, STORERS, DEALERS, AND DISTRIBUTORS OF AGRICULTURAL PRODUCTS
CHAPTER 1 - Nonprofit Cooperative Associations
ARTICLE 10 - Marketing Contracts
Section 54262.
Universal Citation:
CA Food & Agri Code § 54262 (2025)
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54262. The contract may provide that the association may sell or resell any product that is delivered by its members, with or without taking title to that product, and pay over to its members, the resale price, after deducting all of the following:
(a) Necessary selling, overhead, and other costs and expenses.
(b) Proper reserves for retiring stock, if any.
(c) Dividends not exceeding 8 percent per annum upon stock or membership capital.
(Amended by Stats. 1997, Ch. 46, Sec. 2. Effective January 1, 1998.)
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