Corporations Code section 13352

The contract may provide that the association may sell or resell the fishery products delivered by its members, with or without taking title thereto; and pay over to its members the resale price, after deducting all necessary selling, overhead, and other costs and expenses, including interest on preferred stock, not exceeding 8 percent per annum, and reserves for retiring the stock, if any; and other proper reserves; and interest not exceeding 8 percent per annum upon common stock.

Source: Section 13352, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=CORP§ionNum=13352.­ (updated Jan. 1, 1953; accessed Dec. 1, 2025).

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Verified:
Dec. 1, 2025

§ 13352's source at ca​.gov