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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 9 - Members
Section 54237.
Universal Citation:
CA Food & Agri Code § 54237 (2025)
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54237. The bylaws shall prohibit the transfer of the common stock or membership certificates of the associations to any person that is not qualified to be a shareholder or member as specified in this chapter. Such restrictions shall be printed upon every certificate of stock or membership which is subject to them.
(Enacted by Stats. 1967, Ch. 15.)
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