A corporation may, subject to meeting the requirements of Section 12453 and any additional restrictions authorized by Section 12454, purchase or redeem memberships.
Cal. Corp. Code § 12452
Limitations
Known as the Cooperative Corporation Law
The act spans §§ 12200–12704 (266 sections).
Amended by Stats. 1985, Ch. 378, Sec. 7.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.