West Virginia Code 31G-2-21 – Interest in other corporations or associations
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An association may organize, form, operate, own, control, have an interest in, own stock of, or be a member of any other corporation or corporations, with or without capital stock, and engaged in qualified activities regarding internet services.
Terms Used In West Virginia Code 31G-2-21
- association: means any corporation organized under this article. See West Virginia Code 31G-2-1
- 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.
- Internet services: means providing access to, and presence on, the internet and other services. See West Virginia Code 31G-2-1
- Member: means a member of an association without capital stock and a holder of common stock in an association organized with capital stock. See West Virginia Code 31G-2-1