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Current as of January 01, 2025 | Updated by Findlaw Staff
The bylaws may prescribe any of the following:
(a) The number and qualification of members or stockholders of the association and the conditions precedent to membership or ownership of common stock.
(b) The method, time, and manner of permitting members to withdraw or the holders of common stock to transfer their stock.
(c) The manner of assignment and transfer of the interest of members, and of the shares of common stock.
(d) The conditions under which, and time when, membership of a member shall cease.
(e) The automatic suspension of the rights of a member when he or she ceases to be eligible to membership in the association.
(f) The mode, manner, and effect of the expulsion of a member.
Cite this article: FindLaw.com - California Code, Business and Professions Code - BPC § 26225.9 - last updated January 01, 2025 | https://codes.findlaw.com/ca/business-and-professions-code/bpc-sect-26225-9/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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