Section 10.25.380. Nonprofit operation.

Latest version.

A cooperative shall be operated on a nonprofit basis for the mutual benefit of its members and patrons.  The bylaws of a cooperative or its contracts with members and patrons must contain such provisions relating to the disposition of revenues and receipts as may be necessary and appropriate to establish and maintain its nonprofit and cooperative character.

Notes

History

(Sec. 23 ch 93 SLA 1959)

                    
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