DIVISION 20. PROCESSORS, STORERS, DEALERS, AND DISTRIBUTORS OF AGRICULTURAL PRODUCTS 54001-57700›CHAPTER 1. Nonprofit Cooperative Associations 54001-54294›ARTICLE 9. Members 54231-54239
§ 54237
California Food and Agricultural Code · 2020-11 edition · updated 2026-10-04 · California
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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