§ 1 Co-operative business corporation
§ 2 Distribution of earnings or profits; sinking fund; limitation upon shares held
§ 3 Co-operative agricultural, dairy or mercantile associations; name
§ 3B Direct-charge cooperatives
§ 4 Capital stock; powers; by-laws; meetings
§ 5 Investment of reserve fund
§ 6 Apportionment of earnings
§ 7 Acceptance of provisions relating to agricultural, dairy or mercantile associations; approval
§ 8 Use of word co-operative in connection with other businesses; penalty
§ 9 Fee for filing articles of organization
§ 10 Agricultural, horticultural and other co-operative corporations incorporated without capital stock; method of organization; rights and powers of members
§ 11 Powers of corporations organized under Sec. 10
§ 12 First meeting; selection of directors
§ 13 Scope of by-laws; amendment or repeal of by-law
§ 14 Membership
§ 15 Amendment or alteration of articles of organization
§ 16 Marketing contracts between corporation and members
§ 17 Marketing contracts; provisions for liquidated damages; injunction for breach
§ 18 Taxation; filing fees
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Terms Used In Massachusetts General Laws > Chapter 157 - Co&Ndash;Operative Corporations

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
  • Interests: includes any form of membership in a domestic or foreign nonprofit corporation. See Massachusetts General Laws ch. 156D sec. 11.01
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Personal property: All property that is not real property.
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.