California Corporations Code

§ 12243

CORP § 12243 Effective Jan 1, 2016Div. 3 · Title 1 · Part 2 · Ch. 1 · Art. 2

Statute text

(a)(1) If the corporation is organized to provide goods or services to its members, the corporation’s “patrons” are those who purchase those types of goods from, or use those types of services of, the corporation. If the corporation is organized to market, process, or otherwise handle its members’ products or services, the corporation’s “patrons” are those persons whose products or services are so marketed, processed, or handled by the corporation.

(2)“Patronage” of a patron is measured by the volume or value, or both, of a patron’s purchases of products from, and use of services furnished by, the corporation, and by products and services provided by the patron to the corporation for marketing.

(b)(1) If the corporation is organized as a worker cooperative, the corporation’s “patrons” are its worker-members.

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Legislative history

Amended by Stats. 2015, Ch. 192, Sec. 8. (AB 816) Effective January 1, 2016.