Publisher's Synopsis
Excerpt from Legal Phases of Farmer Cooperatives
Introduction Cooperative defined Cost basis principle Organization of cooperatives Membership Cooperative pooling and operations Statutes affecting cooperatives Benefits derived from cooperatives Typical operations History of cooperatives Organizing a farmer cooperative Incorporated cooperatives Nature and characteristics Antiquity of corporations Power to create corporations Blue sky laws. Name of association Charter De facto corporations Bylaws Liability of association for promotion expenses Limitation on indebtedness Lien on stock Subscriber, stock, capital stock How stock is paid for Stock and nonstock associations Restrictions as to transfer of stock Membership - how acquired Who may become members Rights of members Termination of membership Interest in association Dissolution Expiration of charter Merger or consolidation Reorganization of associations Board of directors Compensation of directors Meetings of the board.
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