Statute · California Food and Agricultural Code
Cal. Food & Agric. Code § 54262 — Marketing Contracts
Cal. Food & Agric. Code § 54262
- Type
- Statute
- Source
- California Food and Agricultural Code
- Jurisdiction
- California
- Date
- 1998-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
The contract may provide that the association may sell or resell any product that is delivered by its members, with or without taking title to that product, and pay over to its members, the resale price, after deducting all of the following:
Citator
Cal. Food & Agric. Code § 54262 — Marketing Contracts is in force in the current edition of the Code, and nothing recorded condemns it.
The contract may provide that the association may sell or resell any product that is delivered by its members, with or without taking title to that product, and pay over to its members, the resale price, after deducting all of the following:
(a) Necessary selling, overhead, and other costs and expenses.
(b) Proper reserves for retiring stock, if any.
(c) Dividends not exceeding 8 percent per annum upon stock or membership capital.