{"code":"BPC","codeName":"Business and Professions Code","section":"26228.1","citation":"Bus. & Prof. Code, § 26228.1","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>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.</p>","text":"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.","otherVersions":[],"url":"https://blackletter.si/business-and-professions-code/financial-provisions-26228-1","source":"California Legislative Information bulk export (pubinfo)"}