Laws Providing for Organization, Etc., of Cooperative Corporations, Companies & Associations1917 |
Common terms and phrases
acknowledge written Articles act shall provide amendment amount of capital amount of value articles of association assigns may become asso become a body become incorporated board of directors body politic body whose earnings by-laws certificates of stock cessors and assigns co-operative companies co-operative corporations conduct any agricultural construed to mean copy was recorded corporate body corporation law corporation organized Number county clerk dairy defined to mean duct of co-operative ducting any agricultural elected filing and ac ganized holders labor performed mean a corporate mechanical business mercantile Michigan enact number of persons number of shares number of stockholders paid up capital par value place of business politic and incorpo president and secretary principal place property bought provisions limiting purchased purposes ration reserve fund Service of process shares of stock sign and acknowledge society or exchange special meeting stock issued stock subscribed ticles tion value of property voluntary association Votes by mail
Popular passages
Page 2 - The affairs of the Association shall be managed by a Board of not less than five directors, elected by the members or stockholders from their own number.
Page 9 - ... in the office of the county clerk of the county in which the principal office of the corporation was located, unless the original is already on file therein.
Page 6 - ... chosen annually by the stockholders, at such time and place as shall be provided by the by-laws of said corporation...
Page 2 - Certificates of stock shall not be issued to any subscriber until fully paid, but the by-laws of the association may allow subscribers to vote as stockholders; provided, part of the stock subscribed for has been paid in cash.
Page 5 - No corporation shall assume any name which is likely to mislead the public, or any name already in use by any other existing corporation of this state. or corporation lawfully carrying on business in this state, or so nearly similar thereto as to lead to confusion or deception...
Page 8 - ... capital stock to an amount which at par value would equal the fair market value of the stock or interest so purchased, as determined by the board of directors.
Page 1 - ... of the county in which the principal place of business of the corporation is to be located, and no corporation shall, until such articles be left for record, have legal existence.
Page 3 - ... which may be credited to the account of such nonshareholders on account of capital stock of the association; but in productive associations such as creameries, canneries, elevators, factories, and the like dividends shall be on raw material delivered instead of on goods purchased. In case the association is both a selling and a productive concern the dividends may be on both raw material delivered and on goods purchased by patrons.
Page 3 - At any regularly called general or special meeting of the stockholders a written vote received by mail from any absent stockholder and signed by him may be read in such meeting and shall be equivalent to a vote of each of the...
Page 2 - ... for which they were elected and until their successors are elected and shall enter upon the discharge of their duties; but a majority of the stockholders shall have the power at any regular or special stockholders...