California CodesBusiness and Professions Code - BPCDivision 10 — CannabisChapter 22 — Cannabis Cooperative AssociationsArticle 7 — PowersSection 26227.3
An association may purchase or otherwise acquire, hold, own, and exercise all rights of ownership in, sell, transfer, pledge, or guarantee the payment of dividends or interest on, or the retirement or redemption of, shares of the capital stock or bonds of an association that is engaged in any related activity or in the growing, harvesting, curing, drying, trimming, packing, grading, storing, or handling of a cannabis product that is handled by the association.
Notes
Allows an association to acquire, own, exercise ownership rights in, sell, transfer, pledge, or guarantee dividends, interest, retirement, or redemption involving stock or bonds of another association engaged in related activities or specified handling of cannabis products handled by the association. The authority covers the enumerated investment and guarantee transactions.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 26227.3 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-10/chapter-22/article-7/section-26227-3