California CodesBusiness and Professions Code - BPCDivision 10 — CannabisChapter 22 — Cannabis Cooperative AssociationsArticle 5 — BylawsSection 26225
Each association shall, within 30 days after its incorporation, adopt for its government and management, a code of bylaws, consistent with this chapter. The vote or written assent of shareholders or members that hold at least a majority of the voting power is necessary to adopt the bylaws and is effectual to repeal or amend a bylaw, or to adopt an additional bylaw. The power to repeal and amend the bylaws, and adopt new bylaws, may, by a similar vote, or similar written assent, be delegated to the board of directors, which authority may, by a similar vote, or similar written assent, be revoked.
Notes
Requires each association to adopt chapter-consistent bylaws within 30 days after incorporation, with adoption requiring votes or written assent representing at least a majority of voting power. The same threshold may amend or repeal bylaws or delegate that authority to the board, and may later revoke the delegation.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 26225 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-10/chapter-22/article-5/section-26225