Title 30, Corporations and Partnerships

A nonprofit cooperative corporation may be organized pursuant to this chapter for the purpose of providing services at cost to its members, on a basis of equality of control of the corporations’ affairs. History: 1962, PL 7-17.

A nonprofit cooperative corporation may be incorporated in accordance with the provisions of chapters 01, 02, 03, and 05 of this title except that: (a) Voting powers must be one vote for each member, regardless of stock ownership. (b) Financial surpluses must be disposed of in ac…