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Business and Professions Code - BPC - BPC § 26227.75
Business and Professions Code - BPC - BPC § 26227.75
An association may use or employ any of its facilities for any purpose, provided the proceeds that arise from such use and employment shall go to reduce the cost of operation for its members. The cannabis products that are handled for, or the services, machinery, equipment, or su
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Business and Professions Code - BPC - BPC § 26227.8
Business and Professions Code - BPC - BPC § 26227.8
(a) An association may organize, form, operate, own, control, have an interest in, own stock of, or be a member of any other association, with or without capital stock, that is engaged in growing, harvesting, curing, drying, trimming, packing, grading, storing, or handling of any
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Business and Professions Code - BPC - BPC § 26227.9
Business and Professions Code - BPC - BPC § 26227.9
(a) Any association may, upon resolution adopted by its board of directors, enter into all necessary and proper contracts and agreements and make all necessary and proper stipulations and arrangements with another cannabis cooperative or association that is formed in this state f
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Business and Professions Code - BPC - BPC § 26228
Business and Professions Code - BPC - BPC § 26228
An association is not subject in any manner to the terms of the Corporate Securities Law (Division 1 (commencing with Section 25000) of Title 4 of the Corporations Code), and any association may issue its membership certificates or stock or other securities as provided in this ch
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Business and Professions Code - BPC - BPC § 26228.1
Business and Professions Code - BPC - BPC § 26228.1
If an association issues nonpar value stock, the issuance of the stock shall be governed by the terms of all general laws that cover the issuance of nonpar value stock in domestic corporations.
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Business and Professions Code - BPC - BPC § 26228.2
Business and Professions Code - BPC - BPC § 26228.2
If an association with preferred shares of stock purchases the stock or any property, or any interest in any property of any person, it may discharge the obligations that are so incurred, wholly or in part, by exchanging for the acquired interest, shares of its preferred stock to
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Business and Professions Code - BPC - BPC § 26228.3
Business and Professions Code - BPC - BPC § 26228.3
The board of directors of every association shall cause to be sent to the members of the association not later than 120 days after the close of the fiscal or calendar year an annual report of the operations of the association, unless the report is expressly dispensed with in the
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Business and Professions Code - BPC - BPC § 26229
Business and Professions Code - BPC - BPC § 26229
Under the terms and conditions that are prescribed in the bylaws adopted by it, an association may admit as members or issue common stock only to persons engaged in the cultivation of a cannabis product that is to be handled by or through the association.
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Business and Professions Code - BPC - BPC § 26229.1
Business and Professions Code - BPC - BPC § 26229.1
If a member of a nonstock association is other than a natural person, the member may be represented by any individual, associate, officer, or manager or member of it, who is duly authorized in writing.
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Business and Professions Code - BPC - BPC § 26229.2
Business and Professions Code - BPC - BPC § 26229.2
Any association may become a member or stockholder of any other association.
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Business and Professions Code - BPC - BPC § 26229.3
Business and Professions Code - BPC - BPC § 26229.3
If a member of an association that is established without shares of stock has paid his membership fee in full, he or she shall receive a certificate of membership.
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Business and Professions Code - BPC - BPC § 26229.4
Business and Professions Code - BPC - BPC § 26229.4
An association shall not issue a certificate for stock to a member until it has been fully paid for. The promissory notes of the members may be accepted by the association as full or partial payment. The association shall hold the stock as security for the payment of the note, bu
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Business and Professions Code - BPC - BPC § 26229.5
Business and Professions Code - BPC - BPC § 26229.5
An association, in its bylaws, may limit the amount of common stock that any member may own.
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Business and Professions Code - BPC - BPC § 26229.6
Business and Professions Code - BPC - BPC § 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 membershi
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Business and Professions Code - BPC - BPC § 26229.7
Business and Professions Code - BPC - BPC § 26229.7
The association may, at any time, as specified in the bylaws, except when the debts of the association exceed 50 percent of its assets, buy in or purchase its common stock at the book value of the common stock, as conclusively determined by the board of directors, and pay for it
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Business and Professions Code - BPC - BPC § 26229.8
Business and Professions Code - BPC - BPC § 26229.8
A member or stockholder is not liable for the debts of the association to an amount that exceeds the sum that remains unpaid on his membership fee or his subscription to the capital stock, including any unpaid balance on any promissory note that is given in payment of the members
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Business and Professions Code - BPC - BPC § 2623
Business and Professions Code - BPC - BPC § 2623
The board may, by regulation, prescribe, amend, or repeal any rules contained within a code of professional conduct appropriate to the establishment and maintenance of integrity and dignity in the profession of physical therapy. Every licensee of the board shall be governed and c
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Business and Professions Code - BPC - BPC § 26230
Business and Professions Code - BPC - BPC § 26230
The association and its members may make and execute marketing contracts that require the members to sell, for any period of time, but not over 15 years, all or a specified part of a cannabis product exclusively to or through the association, or a facility that is created by the
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Business and Professions Code - BPC - BPC § 26230.1
Business and Professions Code - BPC - BPC § 26230.1
Notwithstanding any provisions of the Civil Code, a contract that is entered into by a member or stockholder of an association that provides for the delivery to the association of a cannabis product that is produced or acquired by the member or stockholder may be specifically enf
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Business and Professions Code - BPC - BPC § 26230.2
Business and Professions Code - BPC - BPC § 26230.2
The bylaws or a marketing contract may fix, as liquidated damages, specific sums to be paid by the member or stockholder to the association upon the breach by him or her of any provision of the marketing contract regarding the sale or delivery or withholding of a cannabis product
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Business and Professions Code - BPC - BPC § 26230.3
Business and Professions Code - BPC - BPC § 26230.3
If there is a breach or threatened breach of a marketing contract by a member, the association shall be entitled to an injunction to prevent the further breach of the contract and to a decree of specific performance of the contract. Pending the adjudication of the action and upon
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Business and Professions Code - BPC - BPC § 26231
Business and Professions Code - BPC - BPC § 26231
A corporation that is organized or existing pursuant to any law except Part 12 (commencing with Section 14550) of Division 3 of Title 1 of the Corporations Code may be brought under the provisions of this chapter by amending its articles of incorporation, in the manner that is pr
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Business and Professions Code - BPC - BPC § 26231.1
Business and Professions Code - BPC - BPC § 26231.1
Articles of incorporation shall be deemed to conform to this chapter within the meaning of Section 26231 if it clearly appears from the articles of incorporation that the corporation desires to be subject to, and to be organized, exist, and function pursuant to this chapter.
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Business and Professions Code - BPC - BPC § 26231.2
Business and Professions Code - BPC - BPC § 26231.2
If the amended articles conform, as provided in Section 26231.1, provisions in the articles of incorporation that appeared in the original articles or some previous amended articles, are ineffective if, and to the extent that, they are inapplicable to, or inconsistent with, this
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Business and Professions Code - BPC - BPC § 26240
Business and Professions Code - BPC - BPC § 26240
For purposes of this chapter, the following definitions apply: (a) “Eligible local jurisdiction” means a local jurisdiction that demonstrates an intent to develop a local program or that has adopted or operates a local equity program. (b) “Equity assessment” means an assessment c