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Current as of January 01, 2025 | Updated by Findlaw Staff
The bylaws may prescribe the number and qualification of members or stockholders of the association and the conditions precedent to membership or ownership of common stock; the method, time, and manner of permitting members to withdraw or the holders of common stock to transfer their stock; the manner of assignment and transfer of the interest of members, and of the shares of common stock; the conditions upon which, and time when, membership of any member shall cease; the automatic suspension of the rights of a member when he ceases to be eligible to membership in the association; and the mode, manner, and effect of the expulsion of a member.
Cite this article: FindLaw.com - California Code, Food and Agricultural Code (Formerly Agricultural Code) - FAC § 54121 - last updated January 01, 2025 | https://codes.findlaw.com/ca/food-and-agricultural-code-formerly-agricultural-code/fac-sect-54121/
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