SECTIONS 54081-54083 - California Statutes

FOOD AND AGRICULTURAL CODE

SECTION 54081-54083

54081. The articles of incorporation of the association shall show
that the signers of the articles of incorporation are engaged in the
production of products, and that they propose to incorporate an
association pursuant to this chapter, and shall state all of the
following:
(a) The name of the association.
(b) The purposes for which it is formed.
(c) The county where the principal office for the transaction of
business of the association is to be located.
(d) The number of directors of the association, which shall not be
less than three, and the names and addresses of the persons who are
to serve as first directors. If it is desired that the first
directors shall serve for terms of different length, the term for
which each person so named shall serve shall also be stated.
(e) If organized without shares of stock, whether the voting power
and the property rights and interest of each member are equal or
unequal. If voting power and property rights and interest of each
member are unequal, the general rule or rules which are applicable to
all members by which the voting power and the property rights and
interests, respectively, of each member may be and are determined and
fixed shall also be stated.
(f) If organized with shares of stock, the number of shares which
may be issued and if the shares are to have a par value, the par
value of each share, and the aggregate par value of all shares. If
the shares are to be without par value it shall be so stated.
If the shares of stock are to be classified, a description of the
classes of shares and a statement of the number of shares of each
kind or class and the nature and extent of the preferences, rights,
privileges, and restrictions which are granted to or imposed upon the
holders of the respective classes of stock.
Except as to the matters and things so stated, no distinction
shall exist between the classes of stock or the holders of them. One
class of stock shall always be known as common stock and voting power
may be restricted to holders of common stock.

54082. Articles of incorporation shall be signed, acknowledged, and
filed in the manner which is prescribed by the general laws of this
state for domestic corporations.

54083. The articles of incorporation of any association may be
amended in the manner and for the purposes which are authorized by
the General Corporation Law, Division 1 (commencing with Section
100), Title 1 of the Corporations Code.