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Section 47-16-1 - Classes of members--Provisions in bylaws. - 47-16-1. Classes of members--Provisions in bylaws. A cooperative may have...
Section 47-16-2 - Annual member meeting--Time of meeting. - 47-16-2. Annual member meeting--Time of meeting. An annual member meeting...
Section 47-16-3 - Special meetings. - 47-16-3. Special meetings. Special member meetings of a cooperative may...
Section 47-16-4 - Member meetings--Location--Virtual participation. - 47-16-4. Member meetings--Location--Virtual participation. Unless the articles of incorporation or...
Section 47-16-5 - Member meetings--Notice--Virtual meeting. - 47-16-5. Member meetings--Notice--Virtual meeting. Written notice of a membership meeting...
Section 47-16-6 - Notice to delegates or alternates. - 47-16-6. Notice to delegates or alternates. At any meeting of...
Section 47-16-7 - Member meetings--Quorum. - 47-16-7. Member meetings--Quorum. A quorum at a member meeting of...
Section 47-16-8 - Action without meeting. - 47-16-8. Action without meeting. Action without a membership meeting may...
Section 47-16-9 - Consent to action without meeting. - 47-16-9. Consent to action without meeting. Any action which may...
Section 47-16-10 - Votes at meeting. - 47-16-10. Votes at meeting. At any member meeting of a...
Section 47-16-11 - Votes by member cooperatives. - 47-16-11. Votes by member cooperatives. In the case of a...
Section 47-16-12 - Vote by member owning membership stock. - 47-16-12. Vote by member owning membership stock. A member owning...
Section 47-16-13 - Proxy votes--Delegate votes. - 47-16-13. Proxy votes--Delegate votes. Voting by proxy shall not be...
Section 47-16-14 - Member voting. - 47-16-14. Member voting. A member of a cooperative may submit...
Section 47-16-15 - Voting by representatives. - 47-16-15. Voting by representatives. In the absence of written notice...
Section 47-16-16 - Voting by organizations. - 47-16-16. Voting by organizations. If the cooperative permits two or...
Section 47-16-17 - Voting rights conditioned upon membership payment. - 47-16-17. Voting rights conditioned upon membership payment. A person who...
Section 47-16-18 - Other votes prohibited. - 47-16-18. Other votes prohibited. Except as permitted in §§47-16-13 to...
Section 47-16-19 - Bylaws provisions for voting. - 47-16-19. Bylaws provisions for voting. The bylaws of a cooperative...
Section 47-16-20 - Percentage of vote. - 47-16-20. Percentage of vote. Whenever the articles of a cooperative...
Section 47-16-21 - Capital stock--Classes of stock. - 47-16-21. Capital stock--Classes of stock. A cooperative organized with capital...
Section 47-16-22 - Membership stock--Transfer of stock. - 47-16-22. Membership stock--Transfer of stock. The articles of a cooperative...
Section 47-16-23 - Cooperative dealing in own stock. - 47-16-23. Cooperative dealing in own stock. Unless the articles provide...
Section 47-16-24 - Consideration for stock. - 47-16-24. Consideration for stock. The consideration paid for stock recalled...
Section 47-16-25 - Reacquisition of stock. - 47-16-25. Reacquisition of stock. When stock is acquired, recalled, exchanged,...
Section 47-16-26 - Stockholders' preemptive rights. - 47-16-26. Stockholders' preemptive rights. Stockholders of a cooperative as such...
Section 47-16-27 - Stock certificates--Conditions to issuance. - 47-16-27. Stock certificates--Conditions to issuance. No stock certificate may be...
Section 47-16-28 - Statements required on stock certificates. - 47-16-28. Statements required on stock certificates. Each certificate for stock...
Section 47-16-29 - Stock subscriptions--Irrevocability. - 47-16-29. Stock subscriptions--Irrevocability. A subscription for stock of a cooperative...
Section 47-16-30 - Liability of subscribers. - 47-16-30. Liability of subscribers. Except for debts lawfully contracted between...
Section 47-16-31 - Missing securities--Issuance of duplicate. - 47-16-31. Missing securities--Issuance of duplicate. When a security issued by...
Section 47-16-32 - Missing securities--Redemption--Procedure. - 47-16-32. Missing securities--Redemption--Procedure. If records of a cooperative showing ownership...
Section 47-16-34 - Definition of transfers and transferors. - 47-16-34. Definition of transfers and transferors. As used in §47-16-33:...
Section 47-16-35 - Actions by stockholders or members--Allegations respecting ownership. - 47-16-35. Actions by stockholders or members--Allegations respecting ownership. No action...
Section 47-16-36 - Actions by stockholders or members--Additional allegations. - 47-16-36. Actions by stockholders or members--Additional allegations. No action may...
Section 47-16-37 - Approval of court required for termination of action. - 47-16-37. Approval of court required for termination of action. An...
Section 47-16-38 - Expenses of maintaining action--Disposition of proceeds. - 47-16-38. Expenses of maintaining action--Disposition of proceeds. If anything is...
Section 47-16-39 - Security for costs--Amount of security. - 47-16-39. Security for costs--Amount of security. In any action brought...
Section 47-16-40 - Distribution of net proceeds. - 47-16-40. Distribution of net proceeds. At least once annually the...
Section 47-16-41 - Deductions from total proceeds. - 47-16-41. Deductions from total proceeds. In determining net proceeds of...
Section 47-16-42 - Procedure for distribution. - 47-16-42. Procedure for distribution. After the deductions required by §47-16-41,...
Section 47-16-44 - Payments to employees. - 47-16-44. Payments to employees. A share of the net proceeds...
Section 47-16-45 - Dividends on capital stock--Conditions to payment. - 47-16-45. Dividends on capital stock--Conditions to payment. In a cooperative...
Section 47-16-46 - Distributions to patrons. - 47-16-46. Distributions to patrons. Unless the articles or bylaws of...
Section 47-16-47 - Creation of reserves--Credit to patrons. - 47-16-47. Creation of reserves--Credit to patrons. Reasonable reserves for necessary...
Section 47-16-48 - Ratio of patronage as determining payment to patron. - 47-16-48. Ratio of patronage as determining payment to patron. All...
Section 47-16-49 - Classification of patrons. - 47-16-49. Classification of patrons. There shall be no distinction between...
Section 47-16-50 - Credit to surplus and reserves. - 47-16-50. Credit to surplus and reserves. If the articles or...
Section 47-16-51 - Remaining funds--Distribution to patrons--Distinction between members and nonmembers--Classification of patrons. - 47-16-51. Remaining funds--Distribution to patrons--Distinction between members and nonmembers--Classification of...
Section 47-16-52 - Manner of payment. - 47-16-52. Manner of payment. The distribution and payment of net...
Section 47-16-53 - Application of proceeds to prior losses. - 47-16-53. Application of proceeds to prior losses. All or any...
Section 47-16-54 - Unclaimed credits--Forfeiture to cooperative. - 47-16-54. Unclaimed credits--Forfeiture to cooperative. Any share of corporate stock...
Section 47-16-55 - Procedure for forfeiture--Resolution--Time limit for claim. - 47-16-55. Procedure for forfeiture--Resolution--Time limit for claim. A motion or...
Section 47-16-56 - Notice to claimant--Contents of notice. - 47-16-56. Notice to claimant--Contents of notice. If the name and...
Section 47-16-57 - Notice by publication. - 47-16-57. Notice by publication. If the name or address of...
Section 47-16-58 - Applicability to preexisting claims. - 47-16-58. Applicability to preexisting claims. Sections 47-16-54 to 47-16-57, inclusive,...
Section 47-16-59 - Discretionary payment to claimant after forfeiture. - 47-16-59. Discretionary payment to claimant after forfeiture. Notwithstanding the forfeiture...
Section 47-16-60 - Filing false document as felony. - 47-16-60. Filing false document as felony. A person who files,...
Section 47-16-61 - Report of forfeited sums to administrator. - 47-16-61. Report of forfeited sums to administrator. Cooperatives organized pursuant...