Legal Opinion
Certified Grocers of California, Ltd. v. State Board of Equalization
California Court of Appeal
Decided November 2, 1950No. Civ. 17564PublishedCited by 5 opinions
1Opinion of the CourtDrapeau, J.
Certified Grocers of California, Ltd., is a cooperative corporation, organized under provisions of the Corporations Code. It is a wholesale grocer, selling to its members only. Each member is a retail grocer, and each member owns 10 shares of stock of the cooperative. There are approximately 1,500 members. Periodically, dividends, called patronage dividends, are paid to stockholders, returning to each his share of surplus-savings and earnings. (Corp. Code, § 12805.)
State Board of Equalization issued to the cooperative an off-sale beer and wine wholesaler’s license. The cooperative sold by the…
2Cases cited2 opinions
- Pacific Coast Joint Stock Land Bank v. RobertsCalifornia Supreme Court · 1940
- City of San Buenaventura v. McGuireCalifornia Court of Appeal · 1908
3Cited by5 opinions
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