Section 54201. (Amended by Stats. 1968, Ch. 88.)
Cite as: Cal. Food & Agric. Code §54201.
An association is not subject in any manner to the terms of the Corporate Securities Law, Division 1 (commencing with Section 25000), 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.