Sections
11 entriesSection 26227Allows a licensed cannabis cooperative association to engage in activities involving members’ cannabis products, including growing, harvesting, curing, drying, trimming, packing, grading,…Section 26227.1Allows an association to borrow without any statutory limit stated here on the amount of its corporate indebtedness or liability and to…Section 26227.2Allows a cannabis cooperative association to act as agent or representative for one or more members in the activities identified by the…Section 26227.3Allows an association to acquire, own, exercise ownership rights in, sell, transfer, pledge, or guarantee dividends, interest, retirement, or redemption involving stock…Section 26227.4Allows an association to establish reserve funds and invest those reserve funds in bonds or other property as its bylaws may provide.…Section 26227.5Allows a cannabis cooperative association to buy and hold real or personal property and exercise all privileges of ownership over it when…Section 26227.6Allows an association to levy assessments on its members in the manner and amount provided by its bylaws. The provision delegates both…Section 26227.7Allows an association anywhere to take actions necessary, suitable, proper, conducive, or expedient to accomplish its enumerated purposes or benefit the association,…Section 26227.75Allows an association to use its facilities for any purpose if resulting proceeds reduce members’ operating costs. The value of cannabis products…Section 26227.8Allows an association to organize, own, control, invest in, or join another association handling cannabis products or byproducts related to products it…Section 26227.9Allows an association, after a board resolution, to enter necessary contracts and arrangements with another California cannabis cooperative or association to conduct…