Section 54121 Of Article 5. Bylaws From California Food And Agricultural Code >> Division 20. >> Chapter 1. >> Article 5.
54121
. 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 supsension 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.