{"code":"FAC","codeName":"Food and Agricultural Code","section":"54121","citation":"Food & Agr. Code, § 54121","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 20. PROCESSORS, STORERS, DEALERS, AND DISTRIBUTORS OF AGRICULTURAL PRODUCTS [54001. - 57700.]","url":"https://blackletter.si/food-and-agricultural-code/division-20"},{"name":"CHAPTER 1. Nonprofit Cooperative Associations [54001. - 54294.]","url":"https://blackletter.si/food-and-agricultural-code/division-20/chapter-1"},{"name":"ARTICLE 5. Bylaws [54111. - 54122.]","url":"https://blackletter.si/food-and-agricultural-code/division-20/chapter-1/article-5"}],"history":"Enacted by Stats. 1967, Ch. 15.","effective":null,"html":"<p>The bylaws may prescribe the number and qualification of members or stockholders of the association and the conditions precedent to membership or ownership of common stock; the method, time, and manner of permitting members to withdraw or the holders of common stock to transfer their stock; the manner of assignment and transfer of the interest of members, and of the shares of common stock; the conditions upon which, and time when, membership of any member shall cease; the automatic supsension of the rights of a member when he ceases to be eligible to membership in the association; and the mode, manner, and effect of the expulsion of a member.</p>","text":"The bylaws may prescribe the number and qualification of members or stockholders of the association and the conditions precedent to membership or ownership of common stock; the method, time, and manner of permitting members to withdraw or the holders of common stock to transfer their stock; the manner of assignment and transfer of the interest of members, and of the shares of common stock; the conditions upon which, and time when, membership of any member shall cease; the automatic supsension of the rights of a member when he ceases to be eligible to membership in the association; and the mode, manner, and effect of the expulsion of a member.","otherVersions":[],"url":"https://blackletter.si/food-and-agricultural-code/bylaws-54121","source":"California Legislative Information bulk export (pubinfo)"}