{"code":"BPC","codeName":"Business and Professions Code","section":"26228","citation":"Bus. & Prof. Code, § 26228","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 10. Cannabis [26000. - 26325.]","url":"https://blackletter.si/business-and-professions-code/division-10"},{"name":"CHAPTER 22. Cannabis Cooperative Associations [26220. - 26231.2.]","url":"https://blackletter.si/business-and-professions-code/division-10/chapter-22"},{"name":"ARTICLE 8. Financial Provisions [26228. - 26228.3.]","url":"https://blackletter.si/business-and-professions-code/division-10/chapter-22/article-8"}],"history":"Added by Stats. 2017, Ch. 27, Sec. 107.   (SB 94)   Effective June 27, 2017.","effective":"2017-06-27","html":"<p>An association is not subject in any manner to the terms of the Corporate Securities Law (Division 1 (commencing with Section <a href=\"/bpc/25000\">25000</a>) of Title 4 of the Corporations Code), and any association may issue its membership certificates or stock or other securities as provided in this chapter without the necessity of any qualification under that law.</p>","text":"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 chapter without the necessity of any qualification under that law.","otherVersions":[],"url":"https://blackletter.si/business-and-professions-code/financial-provisions-26228","source":"California Legislative Information bulk export (pubinfo)"}