PocketLaw | US Virgin Islands Code | Cooperative Corporations

Cooperative Corporations

Checkout our iOS App for a better way to browser and research.

Definitions: construction

Cooperative corporation

Cooperative corporation: central organization

Corporation synonyms

Share: shareholder

Application of general nonprofit corporation law

Bringing corporation under provisions of chapter; amendment of articles

Formation; number of incorporators; purpose

Articles; required provisions

Statement of shares and memberships

Statement of number of shares permitted per shareholder and initial capital

Classes of shares: statement of par value and preferences, privileges, and restrictions; authority of board to change

Voting rights in central organization

Corporate name; inclusion of cooperative

Bylaws; adoption and approval

Permissible provisions

Purchase of shares

Formation of districts; district meetings; election of delegates; vote of delegates

Management of corporation by board; election of directors; term of office; removal

Officers; election by directors

Special meeting at request of shareholders

Quorum

Voting rights

Proxies

Voting by absent shareholders

Referendum

Promotion expenses; limitation on payment

Stock certificates; issuance when fully paid

Purchase of business of another; payment in shares or memberships; approval by shareholders

Purchase of own shares or memberships

Investment in shares or memberships of other corporations

Reserve funds and dividends

Application of general corporation law

Unauthorized use of cooperative in name

Foreign corporations; use of cooperative in name

Unauthorized business

Injunction

Regulation and control of cooperatives and credit unions [Repealed]

Penalties