Bus. & Prof. Code, § 26228 · Article 8. Financial Provisions
Bus. & Prof. Code, § 26228
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
An association is not subject in any manner to the terms of the Corporate Securities Law (Division 1 (commencing with Section 25000) of 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.
Notes and commentary — not statutory text
History
Added by Stats. 2017, Ch. 27, Sec. 107. (SB 94) Effective June 27, 2017.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=BPC§ionNum=26228.
- Text hash
- sha256 de31bd09b8cdbcdcc553ba63e07373ee6f4c8d25e5f5cebd2d08b0127a0ab53c
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
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