17-1501. Incorporation; name; cooperative plan defined. Any number of persons not less than twenty, who are citizens of the state of Kansas may associate themselves together as a cooperative corporation for the purpose and to the end of more successfully promoting and conducting any business or industrial pursuit. The title of such corporation shall begin with "the" and end with "association," "company," "corporation," "exchange," "society," or "union." For the purpose of this act the "co-operative plan" shall be construed to mean a business concern that distributes the net profits of its business by: First, the payment of a fixed dividend upon its stock; second, the remainder of its profits are prorated to its several stockholders upon their purchases from or sales to said concern or both such purchases and sales.
History: R.S. 1923, 17-1501; December 27.
Structure Kansas Statutes
Article 15 - Cooperative Societies
17-1501 Incorporation; name; cooperative plan defined.
17-1503 Rights and powers of corporation.
17-1504 Telephone company doing business in rural district.
17-1505 Certificate for secretary of state.
17-1506 Articles of incorporation.
17-1507 Same; execution and filing.
17-1509 Commencement of business.
17-1510 Management of association; directors and officers.
17-1511 Amount of stock owned by one person; voting.
17-1512 Bylaws and regulations.
17-1513 Annual report; annual report fee. [See Revisor's Note]
17-1514 Cooperative corporations heretofore organized.
17-1515 Use of "cooperative" as part of corporate name.
17-1516 Dissolution of certain mutual telephone companies.
17-1517 Same; resolution; notice of meeting of stockholders.
17-1518 Same; disposition of assets and property; filing with secretary of state.
17-1519 Same; dissolution when meeting held and assets sold prior to June 30, 1949.