Chapter 7-8. Consumers’ Cooperatives
Section
7-8-1Short title.7-8-2Definitions.7-8-3Authorized purposes.7-8-4Application of general corporation law.7-8-5Federation and cooperation between associations.7-8-6Contents of articles of association.7-8-7Name of association.7-8-8Fee payable to secretary of state by nonstock corporation.7-8-9Amendment of articles.7-8-10Contents of bylaws.7-8-11Meetings of members.7-8-12Voting rights.7-8-13Proxy and mail votes.7-8-14Mail voting included in statutory provisions.7-8-15Apportionment of directors among units.7-8-16Restriction on dividends.7-8-17Membership of organizations — Payment of capital as prerequisite to membership.7-8-18Share and membership certificates.7-8-19Application of corporation and franchise taxes to associations without stock.7-8-20Association’s preemptive right to repurchase shares.7-8-21Transfer of holdings.7-8-22Recall of shares.7-8-23Impairment of solvency prohibited.7-8-24Expulsion of members.7-8-25Exemption of holdings from attachment.7-8-26Apportionment of net savings.7-8-27Contents of annual report.7-8-28Distribution of assets on dissolution.7-8-29Bonding of officers and employees.7-8-30Annual audit of books.7-8-31Exemption from securities law.7-8-32Acceptance of chapter by cooperatives formed under other law.7-8-33Use of word “cooperative”.7-8-34Inapplicable law.7-8-35Severability.