Food and Agricultural Code - FAC
DIVISION 20. PROCESSORS, STORERS, DEALERS, AND DISTRIBUTORS OF AGRICULTURAL PRODUCTS [54001 - 57700]
( Division 20 enacted by Stats. 1967, Ch. 15. ) CHAPTER 1. Nonprofit Cooperative Associations [54001 - 54294]
( Chapter 1 enacted by Stats. 1967, Ch. 15. ) ARTICLE 8. Financial Provisions [54201 - 54204]
( Article 8 enacted by Stats. 1967, Ch. 15. ) 54201.
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.
(Amended by Stats. 1968, Ch. 88.)