Browse 24,960 source-backed statutes, open stored provisions, and verify official source links.
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24,960 statutes · page 17 of 1,248
United States — Arizona
1 provisions
Cooperative incorporators must be members, other people can join only if they agree to use cooperative services as the bylaws require, spouses may hold a joint membership, and membership is generally not transferable unless the bylaws allow it.
United States — Arizona
1 provisions
A member is not liable for the cooperative’s debts or other obligations, and the member’s property cannot be used to satisfy them.
United States — Arizona
1 provisions
A cooperative must hold an annual members’ meeting as set by its bylaws, give members notice of meetings within the stated time window, meet quorum rules, and follow member voting rules.
United States — Arizona
1 provisions
A person entitled to notice of a meeting may waive that notice in writing before or after the meeting. Attendance at the meeting also counts as a waiver, except when the person attends only to object because the meeting was not legally called or convened.
United States — Arizona
1 provisions
The board of directors must adopt the cooperative’s first bylaws after incorporation, conversion, merger, or consolidation; later, the board or the members may amend or repeal the bylaws.
United States — Arizona
1 provisions
A cooperative’s bylaws may divide the territory into two or more districts, and the bylaws must set district boundaries or how they are set and changed, and how districts function.
United States — Arizona
1 provisions
A cooperative may change the location of its principal office if its board of directors or members authorize it and it files the required certificate with the corporation commission.
United States — Arizona
1 provisions
A cooperative must be operated on a nonprofit basis for the benefit of its members and patrons.
United States — Arizona
1 provisions
A cooperative’s board may approve mortgages or deeds of trust without member authorization, but a cooperative cannot sell or dispose of all or a substantial part of its property unless a majority of members present vote yes.
United States — Arizona
1 provisions
Recorded mortgages or deeds of trust executed by a cooperative can have the same effect as if also recorded as personal property liens, and the recording gives notice.
United States — Arizona
1 provisions
The board of directors may adopt emergency bylaws unless the articles of incorporation say otherwise; shareholders may amend or repeal them.
United States — Arizona
1 provisions
A cooperative may use public highways, county highways, streets, and alleys, and may build and operate connecting lines, but local authorities can regulate that use and require notice before privileges are granted.
United States — Arizona
1 provisions
A cooperative must keep a searchable website list of unclaimed credits or fees worth $50 or more, pay verified claims by members or former members, and may keep, use, or assign unclaimed credits or fees for lawful purposes subject to the stated conditions.
United States — Arizona
1 provisions
A domestic electric cooperative nonprofit membership corporation may take part in certain business transactions if it follows the cited chapters, and some creation rules apply.
United States — Arizona
1 provisions
This section sets out how a cooperative may dissolve, whether it has started business or not, and what filings, notices, voting, and winding-up steps are required.
United States — Arizona
1 provisions
A cooperative must deliver executed articles of incorporation or related change documents to the corporation commission for filing, and the commission must file them if they comply and fees are paid.
United States — Arizona
1 provisions
The corporation commission must charge and collect nonrefundable filing fees for several corporate documents.
United States — Arizona
1 provisions
Chapter 12 of title 44 does not apply to certain cooperative-issued debt instruments, related security instruments, or membership certificates.
United States — Arizona
1 provisions
Certain cooperative conduct is exempt from Title 44, chapter 10, article 1 if that conduct is approved by specified state or federal law or by a qualifying agency.
United States — Arizona
1 provisions
A person authorized to take acknowledgments cannot be disqualified from acknowledging instruments involving a cooperative just because the person is an officer, director, or member of that cooperative.