Sections
11 entriesSection 26225Requires each association to adopt chapter-consistent bylaws within 30 days after incorporation, with adoption requiring votes or written assent representing at least…Section 26225.1Allows association bylaws to prescribe how meetings are called and conducted and where member or stockholder meetings occur; absent a bylaw location,…Section 26225.2Allows a cannabis cooperative association’s bylaws to prescribe how many stockholders, directors, or members constitute a quorum. Leaves the quorum number to…Section 26225.3Allows association bylaws to prescribe whether members or stockholders may vote by proxy, by mail, or both, including the conditions, manner, form,…Section 26225.4Allows bylaws to set director and officer qualifications, compensation, duties, terms, and election timing, subject to statutory director-number limits. A fixed board…Section 26225.5Allows a cannabis cooperative association’s bylaws to establish penalties for violations of those bylaws. Leaves the existence and content of such penalties…Section 26225.6Allows a cannabis cooperative association’s bylaws to set any entrance, organization, and membership fees, along with the manner and method for collecting…Section 26225.7Allows association bylaws to set member or stockholder payments for association operations, charges for association services, payment timing and collection methods, and…Section 26225.8Limits dividends that association bylaws may authorize from excess association income attributable to business transacted with or for members to no more…Section 26225.9Allows association bylaws to prescribe membership or stockholder qualifications and conditions, withdrawal and stock-transfer procedures, assignment of member interests and common shares,…Section 26225.95Allows bylaws to set methods for valuing and purchasing a member’s interest after death, withdrawal, expulsion, or forfeiture and for repurchasing stock…