California CodesBusiness and Professions Code - BPCDivision 10 — CannabisChapter 22 — Cannabis Cooperative AssociationsArticle 9 — MembersSection 26229.6
The bylaws shall prohibit the transfer of the common stock or membership certificates of the associations to a person that is not qualified to be a shareholder or member as specified in this chapter. These restrictions shall be printed upon every certificate of stock or membership that is subject to them.
Notes
Requires association bylaws to prohibit transfers of common stock or membership certificates to persons not qualified under the chapter to be shareholders or members. The transfer restrictions must also be printed on every stock or membership certificate that is subject to those restrictions.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 26229.6 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-10/chapter-22/article-9/section-26229-6