Chapter 8
Consumers’ Cooperatives

Index of Sections

§ 7-8-1. Short title.

§ 7-8-2. Definitions.

§ 7-8-3. Authorized purposes.

§ 7-8-4. Application of general corporation law.

§ 7-8-5. Federation and cooperation between associations.

§ 7-8-6. Contents of articles of association.

§ 7-8-7. Name of association.

§ 7-8-8. Fee payable to secretary of state by nonstock corporation.

§ 7-8-9. Amendment of articles.

§ 7-8-10. Contents of bylaws.

§ 7-8-11. Meetings of members.

§ 7-8-12. Voting rights.

§ 7-8-13. Proxy and mail votes.

§ 7-8-14. Mail voting included in statutory provisions.

§ 7-8-15. Apportionment of directors among units.

§ 7-8-16. Restriction on dividends.

§ 7-8-17. Membership of organizations — Payment of capital as prerequisite to membership.

§ 7-8-18. Share and membership certificates.

§ 7-8-19. Application of corporation and franchise taxes to associations without stock.

§ 7-8-20. Association’s preemptive right to repurchase shares.

§ 7-8-21. Transfer of holdings.

§ 7-8-22. Recall of shares.

§ 7-8-23. Impairment of solvency prohibited.

§ 7-8-24. Expulsion of members.

§ 7-8-25. Exemption of holdings from attachment.

§ 7-8-26. Apportionment of net savings.

§ 7-8-27. Contents of annual report.

§ 7-8-28. Distribution of assets on dissolution.

§ 7-8-29. Bonding of officers and employees.

§ 7-8-30. Annual audit of books.

§ 7-8-31. Exemption from securities law.

§ 7-8-32. Acceptance of chapter by cooperatives formed under other law.

§ 7-8-33. Use of word “cooperative”.

§ 7-8-34. Inapplicable law.

§ 7-8-35. Severability.