Bus. & Prof. Code, § 26229.5 · Article 9. Members

Bus. & Prof. Code, § 26229.5

Verbatim from the official edition

Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)

An association, in its bylaws, may limit the amount of common stock that any member may own.

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&sectionNum=26229.5.
Text hash: sha256 1d2ad92a1b5c0fc7727dd58c3c8944c703a7153fe185a429245272ca72a81a54
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

Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.