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California Corporations Code

§ 13241

CORP § 13241Div. 3 · Title 1 · Part 3 · Ch. 2 · Art. 3

Statute text

View on leginfo.ca.gov
The by-laws shall prohibit the transfer of the common stock or membership certificates of the associations to persons not engaged in the production of the products handled by the association.

Legislative history

Added by Stats. 1953, Ch. 207.

Source: California Corporations Code § 13241 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.