California CodesBusiness and Professions Code - BPCDivision 10 — CannabisChapter 22 — Cannabis Cooperative AssociationsArticle 9 — MembersSection 26229.5
An association, in its bylaws, may limit the amount of common stock that any member may own.
Notes
Allows a cannabis cooperative association, through its bylaws, to limit how much common stock any member may own. Leaves the ownership cap and its terms to the bylaws and does not itself prescribe a percentage, number of shares, monetary value, affected member subclass, implementation deadline, or separate statutory exception.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 26229.5 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-10/chapter-22/article-9/section-26229-5