If an association issues nonpar value stock, the issuance of the stock shall be governed by the terms of all general laws that cover the issuance of nonpar value stock in domestic corporations.
Cal. Bus. & Prof. Code § 26228.1
Financial Provisions
Known as the Medicinal and Adult-Use Cannabis Regulation and Safety Act
The act spans §§ 26000 to 26308 (207 sections).
Added by Stats. 2017, Ch. 27, Sec. 107
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.