{"code":"FAC","codeName":"Food and Agricultural Code","section":"54201","citation":"Food & Agr. Code, § 54201","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 8. Financial Provisions [54201. - 54204.]","url":"https://blackletter.si/food-and-agricultural-code/division-20/chapter-1/article-8"}],"history":"Amended by Stats. 1968, Ch. 88.","effective":null,"html":"<p>An association is not subject in any manner to the terms of the Corporate Securities Law, Division 1 (commencing with Section 25000), 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), 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/food-and-agricultural-code/financial-provisions-54201","source":"California Legislative Information bulk export (pubinfo)"}