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Nonprofit Corporations

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§10-2009 Membership certificates; voting; liability

Title 10 – Corporations and Associations Chapter 19 – Not for Profit Corporations and associations, Cooperatives and Fraternal and Benevolent societies Article 1 – Cooperative Marketing associations If a member of an association established without capital stock has paid his membership fee, he may receive a certificate of membership. Members are not liable for debts […]

§10-2010 Appraisal of interest and payment upon withdrawal or expulsion of member

Title 10 – Corporations and Associations Chapter 19 – Not for Profit Corporations and associations, Cooperatives and Fraternal and Benevolent societies Article 1 – Cooperative Marketing associations If a member withdraws or is expelled, the board of directors shall, within three years after withdrawal or expulsion, equitably appraise his property interest in the association and […]

§10-2011 General powers of directors; election; compensation

Title 10 – Corporations and Associations Chapter 19 – Not for Profit Corporations and associations, Cooperatives and Fraternal and Benevolent societies Article 1 – Cooperative Marketing associations A. The affairs of the association shall be managed by the board of directors elected by the members from their number. The bylaws may provide that the territory […]

§10-2012 Organization of board of directors

Title 10 – Corporations and Associations Chapter 19 – Not for Profit Corporations and associations, Cooperatives and Fraternal and Benevolent societies Article 1 – Cooperative Marketing associations The directors shall elect from their number a president and one or more vice-presidents, and a secretary and treasurer, who need not be members. The offices of secretary […]

§10-2013 Removal of officer or director

Title 10 – Corporations and Associations Chapter 19 – Not for Profit Corporations and associations, Cooperatives and Fraternal and Benevolent societies Article 1 – Cooperative Marketing associations A. A member may bring charges against an officer or director by filing them in writing with the secretary of the association, together with a petition for removal […]

§10-2014 General and special meetings of association; notice

Title 10 – Corporations and Associations Chapter 19 – Not for Profit Corporations and associations, Cooperatives and Fraternal and Benevolent societies Article 1 – Cooperative Marketing associations The by-laws shall provide for one or more regular meetings annually. The board of directors may call a special meeting at any time, or ten per cent of […]

§10-2015 Referral to membership

Title 10 – Corporations and Associations Chapter 19 – Not for Profit Corporations and associations, Cooperatives and Fraternal and Benevolent societies Article 1 – Cooperative Marketing associations Upon demand of one half of the entire board of directors any matter that has been approved or passed by the board shall be referred to the membership […]

§10-2016 Marketing contracts; remedies for breach

Title 10 – Corporations and Associations Chapter 19 – Not for Profit Corporations and associations, Cooperatives and Fraternal and Benevolent societies Article 1 – Cooperative Marketing associations A. The association and its members may make and execute marketing contracts requiring the members to sell, for any period of time not over ten years, all or […]

§10-2017 Pilot agreement; list of other agreements; recording

Title 10 – Corporations and Associations Chapter 19 – Not for Profit Corporations and associations, Cooperatives and Fraternal and Benevolent societies Article 1 – Cooperative Marketing associations The association may record one of the executed marketing agreements in the office of the county recorder of the county in which the subscribing member is producing or […]

§10-2018 Investments; limitation; disposition of profits

Title 10 – Corporations and Associations Chapter 19 – Not for Profit Corporations and associations, Cooperatives and Fraternal and Benevolent societies Article 1 – Cooperative Marketing associations A. An association may organize, form, operate, own, control, have an interest in, own stock of or be a member of any other corporation, with or without capital […]

§10-2019 Annual reports

Title 10 – Corporations and Associations Chapter 19 – Not for Profit Corporations and associations, Cooperatives and Fraternal and Benevolent societies Article 1 – Cooperative Marketing associations The association shall make an annual report on forms furnished by the corporation commission, containing a general statement of its business during the fiscal year showing: 1. The […]

§10-2020 License and other fees; tax exemption

Title 10 – Corporations and Associations Chapter 19 – Not for Profit Corporations and associations, Cooperatives and Fraternal and Benevolent societies Article 1 – Cooperative Marketing associations Each association shall pay a nonrefundable annual license fee of ten dollars. A nonprofit agricultural products association formed pursuant to this article shall be exempt from all franchise […]